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EBA Stress Test Successfully Completed By Cyprus Banks

When European Banking Authority announced the results of its “Stress Test” run on 130 biggest financial institutions of the Eurozone, it became obvious that Cyprus banking sector holds a satisfactory place amongst other jurisdictions. The purpose of the landmark “bank health check” was to reveal whether banks are ready for economic breakdown and have sufficient […]

Cyprus, Egypt and Greece vow to expand cooperation at summit

Greece, Cyprus and Egypt agree to speed up delineation of EEZs, urge Turkey to end provocative surveys. The acceleration of negotiations between Greece, Cyprus and Egypt for the delimitation and declaration of the EEZ was decided by the leaders of the three countries during the Trilateral Summit, held on Saturday, November 8th 2014 in Cairo. […]

Fitch ratings upgrades bank of Cyprus and Hellenic bank

On 4 of July internationally-known credit rating agency FITCH Ratings issued statement in relation to an upgrade of Bank of Cyprus’ (referred to as “BoC”) long-term issuer default rating (IDR) from RD to CC and Hellenic Bank’s (referred to as “HB”) – from RD to CCC. In addition to that, Fitch has also upgraded short-term […]