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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


Eurobank Cyprus to Reward 1,400 Current Borrowers with Reduced Mortgage Rates
Eurobank Cyprus has announced its plan to reward approximately 1,400 up-to-date mortgage customers by reducing the final interest rate on...
Jun 13, 20241 min read


Greece Launches Platform for Hiring Egyptian Seasonal Workers in Agriculture
As of June 10, 2024, employers in Greece can now submit applications to hire Egyptian seasonal workers in the agricultural sector through...
Jun 12, 20242 min read


Cyprus' European Elections: Elam and Fidias Win Seats, Akel Loses One
The European election results on Sunday brought a mix of celebration, sadness, and shock across Cyprus. For the first time, Elam has...
Jun 10, 20242 min read


Central Bank of Cyprus Reports Decline in Deposit Rates for April
The Central Bank of Cyprus released a report this week indicating a decline in deposit rates for April, with loan interest rates showing...
Jun 7, 20241 min read


Cyprus Reports €20.9 Million Increase in New Loans for April
Cyprus saw a net increase of €20.9 million in new loans in April 2024, according to a recent report from the Central Bank of Cyprus...
Jun 6, 20241 min read


Cyprus Stock Exchange and Hellenic Energy Exchange Collaborate for Green Transition
In a significant move towards supporting Cyprus's green transition objectives, the Cyprus Stock Exchange (CSE) and the Hellenic Energy...
Jun 4, 20241 min read


Limassol Maintains Dominance in High-End Property Sales
In April of this year, the ten most expensive property sales in Cyprus reached an impressive €16.2 million, with Limassol continuing to...
May 31, 20242 min read


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
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