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Association of Cyprus Banks Clashes with Finance Minister Over Interest Rates and Taxes
The Association of Cyprus Banks is at odds with Finance Minister Makis Keravnos over his stance on the cost of higher interest rates and...
Aug 31, 20233 min read


Cyprus' Transportation Sector Sees Strong 17.3% Growth, Led by Air Transport
Cyprus' transportation and storage sector has witnessed a substantial surge of 17.3% during the second quarter of 2023 in comparison to...
Aug 24, 20232 min read


Greece: A Rising Star in Emerging Market Investments, Backed by Economic Reforms and Robust Growth
In a recent development, Marshall Stocker, co-head of emerging markets at Morgan Stanley, has spotlighted Greece as an increasingly...
Aug 21, 20234 min read


Cyprus Trade Deficit Widens in First Half of 2023 Despite Import Decrease
The trade deficit for the first half of 2023 in Cyprus has surged by approximately €574 million compared to the same period last year, as...
Aug 11, 20232 min read


Electrical Interconnections Vital for Climate Neutrality, says CERA Chairman
Andreas Poullikkas, the Chairman of the Cyprus Energy Regulatory Authority (CERA), underscores the pivotal significance of electrical...
Aug 9, 20233 min read


Cyprus' Collective Investments Reach €10.7 Billion in Managed Assets
Cyprus has achieved a significant milestone in its financial landscape, with collective investments reaching an impressive €10.7 billion...
Aug 4, 20232 min read


Cyprus Records Surge in Deposits and Loans in June 2023
Deposits in the Cypriot banking system witnessed a notable surge in June 2023, reaching a total of €52.3 billion, marking the second...
Aug 1, 20232 min read


Fitch Ratings: Cypriot Banks' Asset Quality to Remain Stable in 2023
According to Fitch Ratings, the stable quality of Cypriot banks' assets in the second half of 2023 will be supported by positive...
Jul 24, 20232 min read


Greece Raises €3.5 Billion in Successful 15-Year Bond Issue
Greece has achieved a successful return to the capital markets with its completion of a 15-year syndicated bond issue, raising €3.5...
Jul 24, 20232 min read


Cypriot Economy Shows Resilience and Positive Indicators, according to Finance Minister
Cypriot Finance Minister Makis Keravnos has reassured the public that the country's economy is on a solid path, despite concerns raised...
Jul 20, 20232 min read


Cyprus Property Market Faces Challenges from Rising Interest Rates and Construction Costs
The property market in Cyprus experienced a decline during the second quarter of 2023, with properties sold reaching a total value of...
Jul 13, 20232 min read


Surge in New Corporate Loans Drives Total New Loans in Cyprus
According to the Central Bank of Cyprus (CBC), there was a significant surge in new corporate loans exceeding €1 million in May 2023,...
Jul 11, 20232 min read


Cyprus Implements Income Tax Exemptions for Non-Residents in Effort to Attract Skilled Professionals
Cyprus has recently enacted an amending law that introduces income tax exemptions for non-residents, with retroactive effect from January...
Jul 7, 20232 min read


Cypriot Banking System's Liquidity and Capitalisation Exceed EU Average, says EBA President
The President of the European Banking Authority (EBA), Jose Manuel Campa, commended the liquidity and capitalisation of the Cypriot...
Jul 5, 20231 min read


Bank of Greece Projects Acceleration of Economic Recovery and Inflation Easing
The Bank of Greece (BoG) foresees a faster pace of recovery for Greece beyond 2023, with projected growth rates of 2.2% in 2023, 3% in...
Jul 4, 20233 min read


Cyprus Ranks Last among EU Countries in Sustainable Development Goals, Urgent Action Needed
Cyprus faces a dire situation as the UN Sustainable Development Solutions Network (SDSN) released its 2023 edition of the "Sustainable...
Jul 3, 20232 min read


Cyprus Shipping Chamber Applauds Bangladesh's Ratification of Hong Kong Convention on Ship Recycling
The Cyprus Shipping Chamber (CSC) has expressed its appreciation for Bangladesh's ratification of the Hong Kong Convention on Safe and...
Jun 29, 20232 min read


Cyprus Flag in White List of Paris and Tokyo Memoranda, Affirms Deputy Minister for Shipping
The Cypriot flag has secured its place among the flags listed in the white list of the Paris and Tokyo memoranda, announced Deputy...
Jun 28, 20232 min read


CGSoft and Ask Wire Partner to Transform Real Estate Industry in Greece and Cyprus
CGSoft, a leading provider of property software solutions, has joined forces with Cypriot fintech firm Ask Wire in a strategic...
Jun 26, 20232 min read


Greece's Conservatives Secure Majority in Rightward-Shifted Parliament
Greece's conservative New Democracy party secured a decisive victory in Sunday's parliamentary elections, granting them an outright...
Jun 26, 20233 min read
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