Cyta staff to strike over pay

Trade unions at the Cyprus Telecommunications Authority (CyTA) are calling for a 24-hour all-out strike on January 16, a decade after their last labour action, over the semi-state authority’s innovation and restructuring

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CI revises HB outlook to ‘positive’

Capital Intelligence Ratings has revised the long-term foreign currency rating (LT FCR) and bank standalone rating (BSR) outlook of Hellenic Bank (HB) to ‘positive’ from ‘stable’. HB’s core financial strength (CFS) rating

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S&P raises BOCY to BB on improved funding

S&P Global Ratings raised its long-term issuer credit rating on Bank of Cyprus Public Co. Ltd. (BOC) to ‘BB’ from ‘BB-‘ and affirmed the ‘B’ short-term rating, citing “significant progress toward rebalancing

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