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Cyprus Investment Organizations Experience Asset Fluctuations Despite Numerical Surge in Q3 2023
The third quarter of 2023 witnessed a notable increase in the number of investment organizations in Cyprus, surging by 4.6%, as reported...
Nov 20, 20231 min read


Cyprus Reports 2.5% Economic Growth in Q3 2023
The Cypriot economy demonstrated a growth rate of 2.5% in the third quarter of 2023 compared to the same period in the previous year....
Nov 16, 20231 min read


Cyprus Woos Tech and Innovation: Minister Highlights Strategic Advantages and Growth in UK Trade
In London on Tuesday, Cyprus' Minister of Energy, Commerce, and Industry, George Papanastasiou, positioned the Mediterranean nation as an...
Nov 15, 20231 min read


Greece to Sell 20% Stake in National Bank Amid Banking Sector Overhaul
Greece has unveiled its plans to divest from the country's banking sector, announcing the sale of a 20% stake in the National Bank of...
Nov 14, 20232 min read


Bank of Cyprus: Robust Q3 2023 Profits and Upgraded Credit Rating
Bank of Cyprus has announced robust financial results for the nine months ending September 30, 2023, with an after-tax profit of €349...
Nov 14, 20232 min read


Cyprus Calls for Business Ideas Aligned with Vision 2035, Emphasizes Sustainable Development
Invest Cyprus President Evgenios Evgeniou has called on the Cypriot business community to contribute ideas in line with the priorities of...
Nov 10, 20231 min read


Comprehensive Measures Proposed by Cyprus Council to Tackle Affordable Housing Crisis
The Cyprus Economy and Competitiveness Council (Soak) has presented a robust set of measures and recommendations aimed at addressing the...
Nov 9, 20232 min read


EU Updates List of Non-Cooperative Countries for Tax Purposes: Implications for Cyprus Businesses
The European Council has recently made significant changes to the EU list of non-cooperative countries for tax purposes, impacting...
Nov 8, 20232 min read


New Loans in Cyprus Reach €578 Million in September 2023
In Cyprus, new loans surged to €578 million in September 2023, marking a notable increase of €52.3 million compared to the previous...
Nov 7, 20232 min read


Cyprus Retail Trade Turnover Shows Robust Growth in September
The Retail Trade Turnover Index in Cyprus has registered a notable increase of 8.6% compared to the same month in the previous year, as...
Nov 6, 20232 min read


Cyprus Aims for Energy Independence and Regional Leadership Amidst Growing Energy Challenges
Cyprus is actively working toward achieving energy independence, according to the country's Energy Minister, George Papanastasiou....
Nov 3, 20232 min read


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
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