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Panikkos Vakkou Assumes Vice Chairmanship at CySec: A Profile of Expertise and Experience
Panikkos Vakkou has stepped into the role of Vice Chairman at CySec, following a decision by the Council of Ministers this Wednesday. The...
May 30, 20241 min read


New Bill Clarifies Central Bank of Cyprus' Role in Enforcing EU Legal Acts and Sanctions
A newly introduced bill in the House aims to clarify the Central Bank of Cyprus’ (CBC) role as the competent authority for implementing...
May 29, 20243 min read


Eurobank Set to Sell Non-Performing Loan Portfolio for €232 Million
Greek lender Eurobank is preparing to sell a mixed portfolio of non-performing loans (NPLs) worth €232 million, as detailed in its...
May 23, 20241 min read


House Speaker Pledges Support to Cypriot Shipping Industry
This week, House Speaker Annita Demetriou reaffirmed her commitment to supporting the Cypriot shipping industry during a meeting with a...
May 20, 20241 min read


Cyprus Property Developers Association Celebrates 40 Years, Highlights Significant Contributions to Economy
The Cyprus Property Developers Association (LBDA) commemorated its 40th anniversary, underscoring its pivotal role in the country's...
May 16, 20242 min read


Invest Cyprus Shines in the Middle East: Fostering Investment and Gateway to Europe
Invest Cyprus, the nation's premier investment promotion agency, embarked on a meticulously planned initiative to underscore Cyprus's...
May 15, 20242 min read


Central Bank Report Reveals Detailed Financial Dynamics in Cyprus: Interest Rate Fluctuations and Loan Trends Analyzed
Cyprus witnessed a series of noteworthy developments in its financial sector during March, as highlighted in the latest report from the...
May 10, 20242 min read


Insights into Cyprus Banking: CBC Report Reveals Trends in Deposits and Loans for March 2024
The recent report from the Central Bank of Cyprus (CBC) sheds light on the intricate dynamics of the Cypriot banking sector, revealing...
Apr 29, 20242 min read


Europol-Led Operation Dismantles Multi-Million Euro Cannabis Investment Fraud Scheme 'JuicyFields'
In a sweeping operation spanning eleven countries, law enforcement agencies collaborated to dismantle a sophisticated investment fraud...
Apr 17, 20242 min read


In 2023, Cyprus witnessed a remarkable surge in the profitability of its banking sector, with profits soaring by an impressive 644 percent to reach €1.27 billion
This substantial increase, as revealed by data from the Central Bank of Cyprus (CBC), was attributed to the prevailing high-interest...
Apr 11, 20241 min read


Impressive Growth in Cyprus's Services Sector for 2023, Tourism Rebounds, and Innovations Flourish
The Employers and Industrialists Federation (Oev) has lauded the impressive performance of the services sector in 2023, citing...
Apr 10, 20242 min read


Cyprus Sees Decline in Business Loan Demand, Housing Loans Stable: Central Bank Report
In the final quarter of 2023, Cyprus witnessed a decline in the net demand for new business loans, continuing a downward trend observed...
Mar 28, 20242 min read


European Commission Report: Cyprus's Economic Outlook, Opportunities, and Risks
The European Commission has recently unveiled a comprehensive report detailing the economic outlook for Cyprus, painting a largely...
Mar 27, 20242 min read


Cyprus Stock Exchange Introduces €25 Million Government Bonds Series 2024
The Cyprus Stock Exchange (CSE) has unveiled a significant development in the financial realm with the introduction of 25,000 new...
Mar 22, 20241 min read


Assessing Cyprus' Economic Landscape: Insights from the 16th Evaluation
The upcoming 16th evaluation of Cyprus' post-memorandum economic situation is poised to commence next Tuesday, extending through to...
Mar 19, 20242 min read


Golden Visa Programs: Greece Ranks Second Globally, Amidst Housing Crisis Concerns
Greece has secured a prominent position in the global rankings for its Golden Visa program, coming in second worldwide alongside Austria...
Mar 19, 20242 min read


Eurobank Cyprus Reports Stellar Financial Performance for 2023 Amidst Economic Challenges
Eurobank Cyprus unveiled its financial performance for the fiscal year 2023, revealing a remarkable after-tax profit surge of €199.4...
Mar 11, 20242 min read


Resilience and Transformation: PwC Cyprus Annual Report Reveals Insights into the Cypriot Real Estate Market
Consulting and advisory firm PwC Cyprus recently presented its annual report for the Cypriot real estate market, which includes important...
Mar 6, 20243 min read


Navigating the Boundaryless World: Insights from Deloitte's Global Human Capital Trends Report 2024
Consulting and advisory giant Deloitte Cyprus has recently unveiled its latest installment of the Global Human Capital Trends report for...
Mar 5, 20242 min read


Cyprus Reports Surplus in 2023 Financial Results Amid Revenue and Expenditure Shifts
Cyprus' preliminary financial results for 2023, released by the Cyprus Statistical Service (Cystat) on Thursday, revealed a surplus of...
Mar 4, 20242 min read
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