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July 2, 2024

“Vision 2035” for the Cypriot economy to be updated

The Long-Term Strategy for the Sustainable Development of the Cypriot Economy, also known as “Vision 2035”, will be updated, President of the Cyprus Economy and Competitiveness Council, former Minister of Finance, Takis Klerides has said.

The Strateg…

Fitch Upgrades Hellenic Bank to ‘BBB-‘ with stable outlook

Fitch Ratings has upgraded Hellenic Bank’s Long-Term Issuer Default Rating (IDR) to ‘BBB-‘ from ‘BB+’, with stable outlook and its Viability Rating (VR) to ‘bbb-‘ from ‘bb+’.

According to Fitch, the upgrade mainly reflects the upgrade of Cyprus’s sov…