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Cyprus Development Expenses Hit 29% of Budget by End of July
The implementation rate of development expenses from Cyprus’ state budget reached 29 per cent by the end of July, according to a report...
Sep 5, 20244 min read


Cyprus Aims to Reduce Public Debt Below 60% of GDP by 2026 Amid Economic Challenges
Economists have raised concerns about the feasibility of achieving a debt ratio of 50% of GDP, warning that this target is difficult to...
Aug 30, 20243 min read


International Buyers Flock to Greece Before New Golden Visa Rules Take Effect
Greece's recent decision to raise the minimum investment amount required for obtaining a golden visa has triggered a surge in...
Aug 26, 20242 min read


Eurobank Proposes New Board Structure for Hellenic Bank Ahead of General Assembly
Eurobank has revealed the new board members it plans to propose for Hellenic Bank in the lead-up to the general assembly scheduled for...
Aug 26, 20242 min read


Republic of Cyprus to Issue New Three-Month Government Bills on August 26
The Republic of Cyprus is set to issue a new round of government bills on Monday, August 26, with the bills having a three-month duration...
Aug 23, 20241 min read


Cyprus Banks Significantly Reduce Eurosystem Borrowing Following €2.6 Billion in TLTRO Repayments
Cypriot banks have nearly eliminated their borrowing from the Eurosystem through the Targeted Longer-Term Refinancing Operations...
Aug 22, 20242 min read


Cyprus Stock Exchange Suspends Trading for Multiple Companies Over Non-Submission of 2023 Financial Reports
The Cyprus Stock Exchange (CSE) has announced the suspension of trading for several companies listed on both the Regulated Market and the...
Aug 21, 20242 min read


CySEC Slaps €740,000 Fine on Exelcius Prime Ltd for Multiple Violations
The Cyprus Securities and Exchange Commission (CySEC) announced on Wednesday the imposition of administrative fines totaling €740,000 on...
Aug 9, 20242 min read


Eurobank Completes Acquisition of Hellenic Bank Shares, Triggers Resignation of Key Board Member
Eurobank, a subsidiary of Eurobank Ergasias Services and Holdings, has successfully concluded its mandatory public offer for the...
Aug 8, 20242 min read


Central Bank of Cyprus Revises GDP Growth Forecast for 2024, Reflecting Limited Impact from Middle East Conflict
The Central Bank of Cyprus (CBC) has adjusted its GDP growth forecast for 2024 upwards to 3 per cent, reflecting an increase of 0.2...
Aug 7, 20243 min read


EAC Advances Plans to Secure Large State Land Plots for PV Parks, Says Director George Petrou
The Electricity Authority of Cyprus (EAC) is progressing with efforts to secure extensive state land plots for the construction of...
Jul 22, 20242 min read


Cyprus Launches "Professional Skills Academy" to Advance Gaming Sector and Player Protection
With a vision to establish Cyprus as a fair and safe hub for development and innovation in the gaming sector, prioritizing player...
Jul 18, 20242 min read


Central Bank of Cyprus Reports Deceleration in House Price Index for Q1 2024
The Central Bank of Cyprus (CBC) has observed a deceleration in the House Price Index (HPI) for both houses and apartments in the first...
Jul 17, 20242 min read


Cyprus Shipping Deputy Ministry Issues Guidelines on EES and ETIAS Obligations for Carriers
The Shipping Deputy Ministry of Cyprus has released a guideline to inform carriers about their obligations under the European Entry-Exit...
Jul 15, 20242 min read


Hellenic Bank Signs Agreement to Acquire CNP Cyprus
Cypriot lender Hellenic Bank has signed an agreement to acquire insurance provider CNP Cyprus, according to an announcement made by the...
Jul 12, 20242 min read


Cyprus’ Assets Under Management Reach €9.1 Billion — €2.4 Billion Invested Locally
The Cyprus Securities and Exchange Commission (CySEC) released its quarterly bulletin on Wednesday, revealing that the number of...
Jul 11, 20242 min read


Economic Council Calls for EU Funding and Proposes Updates to Cyprus' Long-Term Economic Strategy
The long-term strategy for the sustainable development of the Cypriot economy, known as Vision 2035, is set for an update, according to...
Jul 3, 20243 min read


CySEC Approves Eurobank’s Full Acquisition Bid for Hellenic Bank
On June 25, the Cyprus Securities and Exchange Commission (CySEC) approved the publication of the Public Offer Document for Eurobank...
Jun 27, 20242 min read


Cyprus Attracts €9.6 Billion in Oversubscribed 7-Year Bond Issuance
The Republic of Cyprus has successfully garnered offers totalling €9.6 billion from international markets for its newly issued 7-year...
Jun 20, 20241 min read


Central Bank of Cyprus Revises 2024 GDP Growth Forecast Amid Economic Optimism
This week, the Central Bank of Cyprus (CBC) adjusted its GDP growth forecast for 2024 to 3 percent, up from the 2.8 percent projected in...
Jun 19, 20245 min read
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