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Cyprus Reports Strong Surplus for First Three Quarters of 2023
The Cypriot government has revealed a robust surplus of €931.6 million for the period spanning January to September 2023, according to...
Nov 2, 20232 min read


Cyprus Sees Significant Reduction in Household Debt, Improved Financial Health
The Central Bank of Cyprus (CBC) has reported that household debt in Cyprus has experienced a substantial reduction, declining to 69% of...
Nov 1, 20232 min read


Cyprus Real Estate Market Shows Resilience Amidst Challenges
The real estate market in Cyprus is displaying resilience despite facing numerous challenges, including rising loan interest rates,...
Oct 30, 20232 min read


Cyprus Sees Deposit Recovery and Modest Loan Growth in September 2023
In a report released by the Central Bank of Cyprus (CBC), it was revealed that the total value of deposits in Cyprus experienced a...
Oct 27, 20232 min read


Cyprus President Affirms Commitment to Resilient Economy at IIFA Gala Dinner
President Nikos Christodoulides of Cyprus has reaffirmed the government's dedication to constructing a resilient economy centered on...
Oct 26, 20232 min read


CySEC Issues Warning to Investment Firms in Cyprus on Regulatory Compliance
The Cyprus Securities and Exchange Commission (CySEC) has issued a stern warning to board members of Cyprus Investment Firms (CIFs),...
Oct 25, 20232 min read


Cyprus Faces Urgent Housing Crisis, Calls for Immediate Action
Cyprus is grappling with a pressing housing crisis that demands immediate attention, according to Marinos Kineyirou, the president of the...
Oct 24, 20232 min read


Cyprus Finance Minister Affirms Commitment to Boost Administrative Services Sector
Finance Minister Makis Keravnos has reiterated the government's strong commitment to bolstering the administrative services sector in...
Oct 23, 20233 min read


Bank of Cyprus CEO Envisions Cyprus as a Thriving Business Hub, Emphasizing Sustainable Growth
Bank of Cyprus CEO Panicos Nicolaou shared his vision for Cyprus as a thriving business hub in the region during the seventh Business...
Oct 20, 20232 min read


Cyprus Records 4.3% Year-on-Year Increase in Consumer Prices in September 2023
In September 2023, Cyprus witnessed a 4.3 percent increase in the Harmonised Index of Consumer Prices (HICP) compared to the same month...
Oct 19, 20232 min read


World Investor Week 2023: A Successful Global Initiative Promoting Financial Literacy
World Investor Week 2023 (WIW2023) has drawn to a successful close with extensive participation from numerous countries and...
Oct 19, 20232 min read


Cyprus Commits to Embrace Technology and Digitization in Governance
Cyprus is doubling down on its commitment to integrating technology and digitization into its governance and policy-making, underlining...
Oct 18, 20232 min read


Cyprus-Based CEO Yotam Werzansky-Orland Recognized Among World's Top IP Strategists
Yotam Werzansky-Orland, the CEO of KWO Strategy Ltd., based in Cyprus, has achieved recognition as one of the world's top 300 innovation...
Oct 16, 20232 min read


Alpha Bank Cyprus Announces Management Reorganization and Expansion
Alpha Bank Cyprus has recently undergone a reorganization of its management structure and expanded its executive committee, with the goal...
Oct 12, 20232 min read


IMF Projects Positive Fiscal Outlook for Cyprus, Anticipates Reduced Debt
The International Monetary Fund (IMF) has released a favorable fiscal outlook for Cyprus, predicting substantial primary surpluses and a...
Oct 12, 20232 min read


European Shipping at a Critical Juncture: Cyprus Union of Shipowners Addresses Challenges
Cyprus Union of Shipowners' President, Andreas Hadjiyiannis, recently discussed the challenges confronting European shipping during the...
Oct 11, 20232 min read


DP World Limassol Aims to Position Cyprus as a Hub for Oil and Gas Operations
DP World Limassol, the port management company overseeing Limassol port, is strategically positioning itself as a prime service centre...
Oct 10, 20232 min read


Cyprus: A Maritime Powerhouse Embraces Sustainability
In the vibrant waters of the Eastern Mediterranean, the Cypriot shipping industry has long been a maritime powerhouse, both historically...
Oct 6, 20233 min read


Cyprus has seen a notable improvement in its non-performing loans (NPLs) situation, with a decrease.
Cyprus has seen a notable improvement in its non-performing loans (NPLs) situation, with a decrease of €83 million reported at the end of...
Oct 5, 20232 min read


Cyprus Records 7% Annual Increase in Salaries
Recent data released by the Statistical Service reveals a noteworthy surge in earnings within Cyprus, with a nominal average increase of...
Oct 4, 20231 min read
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