Kyriacos Nicolaou

Cyprus’ Producer Price Index (PPI) in industry for February 2025 fell by 0.5 per cent year-on-year in February, according a report released this week by the state statistical service. Specifically, the index ...

The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical capital buffer (CCyB) at 1.5 per cent, with the measure set to take effect from January 14, 2026. In an official ...

Cyprus’ major trade unions, including public servants’ union Pasydy and the trade union Sek, have firmly opposed some of the International Monetary Fund’s (IMF) latest recommendations, following its Article ...

The Cypriot residential real estate market experienced a strong year in 2024, with new home sales exceeding €2 billion, according to a report released on Monday by Landbank Real Estate Analytics. The ...

As AI continues to evolve and reshape business landscapes, the role of the Chief Information Officer (CIO) is undergoing a significant transformation, according to IDC, a global market intelligence firm. ...

The global wearable band market continued its upward trajectory in 2024, with shipments reaching 193 million units—a 4 per cent increase year on year—according to Canalys.  This marks the second consecutive ...

The Industrial Production Index in Cyprus recorded a significant increase of 4.3 per cent in January 2025 compared to the same month in 2024, according to the state statistical service. This increase pushed ...

The Cyprus Borrowers Association (Syprodat) released a statement on Monday saying that despite recent interest rate cuts by the European Central Bank (ECB), many borrowers have not noticed a decrease ...

The majority of Cypriots are experiencing increasing financial insecurity, a situation that demands serious attention, according to the Cyprus Borrowers Association (Syprodat). In a statement released this week, the association ...

Cyprus has shown resilience in the face of successive economic shocks, with growth remaining among the highest in the euro area, according to the International Monetary Fund (IMF). In a ...

The Finance Ministry has welcomed the observations and recommendations made by the International Monetary Fund (IMF) during its mission to Cyprus as part of the Article IV consultations. In a ...

Cyprus’ Deputy Ministry of Shipping on Friday announced the launch of the second Gender Equality Award in Cypriot Shipping for 2025. This follows a decision by the Cabinet to establish the ...

The board of directors of Hellenic Bank has decided to proceed with the merger of the bank with Eurobank Cyprus, it emerged on Friday. Hellenic Bank officially announced that the ...

Cyprus has shown resilience in the face of successive economic shocks, with growth remaining among the highest in the euro area, according to the International Monetary Fund (IMF). In a ...

Cyprus’ total public debt decreased to €20.92 billion as of December 31, 2024, down from €22.18 billion a year earlier, according to the fiscal report of the Republic of Cyprus for the financial year 2024. ...

Eurobank Cyprus on Friday announced that it secured four prestigious accolades at the Euromoney Private Banking Awards 2025, held this week in London. Specifically, the bank was recognised in the categories ...

Total deposits in Cypriot banks increased by nearly half a billion euros in February 2025, according to a report released this week by the Central Bank of Cyprus (CBC). Specifically, the ...

The independent expert commissioned to evaluate Eurobank’s public offer for the remaining shares of Hellenic Bank has deemed the proposed exchange of €4.843 per share as fair and reasonable. This ...

The Cyprus Property Developers Association met with a delegation from the International Monetary Fund (IMF) on Wednesday, according to an official announcement. The meeting was attended by the president of ...

The Eurobank Group on Thursday released a statement reaffirming its “commitment to further expansion and its continued confidence in the Cypriot economy”. It should be noted that the group’s ...

Sales of oil products at service stations in Cyprus saw a 2.5 per cent increase in February, reaching 57,326 tonnes, compared to 55,909 tonnes in February 2024, according to a report from the statistical ...

The Bank of Cyprus on Thursday announced its final financial results for 2024, confirming profits of €508 million, as previously indicated in its preliminary results. In its announcement, the bank underlined its ...

The Cyprus Research and Innovation Foundation (RIF) hosted its Cyprus Research Awards 2024 this week in a ceremony honouring the nation’s distinguished scientists. The event took place on Wednesday afternoon ...

A delegation from the International Monetary Fund (IMF), led by Alex Pienkowski, will present its key findings from a recent visit to Cyprus at a press conference in Nicosia on ...