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Deputy Minister Urges Cyprus Excellence Centers to Leverage Research for Funding
During a session of the House Committee on Commerce, the Deputy Minister of Innovation, Research, and Digital Policy, Philippos...
Sep 15, 20232 min read


Limassol Real Estate Sales Surge to Nearly Half a Billion Euros in Q2 2023
A report released by Cypriot firm Ask Wire has revealed that real estate sales in Limassol reached a total value of nearly half a billion...
Sep 13, 20232 min read


Cyprus Borrowers Association Highlights Concerns Over Non-Performing Loans Resolution
The Cyprus Borrowers Association (Syprodat) has expressed concerns over the resolution of non-performing loans (NPLs) in Cyprus. Syprodat...
Sep 8, 20232 min read


Cyprus Sees Modest Recovery in Net New Loans Amid Rising Borrowing Costs
In July 2023, Cyprus witnessed a modest recovery in net new loans, reaching €300.5 million, up from €240 million in the previous month....
Sep 4, 20232 min read


Hellenic Bank Posts Strong First Half Profits Amid Challenging Environment
Hellenic Bank, a prominent financial institution in Cyprus, has announced a robust profit of €160.2 million for the first half of 2023....
Sep 1, 20233 min read


Cypriot Passport Climbs Global Ranking, Offering Access to 180 Countries
The Cypriot passport has surged in global rankings, securing its position among the most influential passports in the world. With...
Sep 1, 20231 min read


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
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