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Hungary takes over rotating EU presidency for 6 months

ANKARA: Hungary on Monday took over the European Union’s rotating presidency for six months, taking the reins from Belgium, the country said.

Hungary made the motto of its turn at the helm ‘Make Europe Great Again,’ in order to emphasize ‘the strengt…

CBC maintains countercyclical buffer rate at 1%

The Central Bank of Cyprus decided to maintain the countercyclical buffer (CCyB) at 1%.

According to a press release, the CBC, in accordance with the provisions of the Macroprudential Oversight of Institutions Laws of 2015 to 2022, deemed appropriate…