Kyriacos Nicolaou

Interest rates for corporate deposits fell to a new historical low, reaching 0.02 per cent in December 2021, while the interest rate for household deposits remained unchanged at 0.06 per cent. Compared to ...

The total purchases of Cypriot bonds by the European Central Bank (ECB) amounted to €6.56 billion, under the Public Sector Purchasing Programme (PSPP) and the Pandemic Emergency Purchase Programme (PEPP). According ...

Cypriot fintech company WiRE, which mainly operates in the real estate market, announced on Wednesday that it has been accepted to participate in PricewaterhouseCoopers (PwC) UK’s Scale programme. PwC’...

The Cyprus Stock Exchange (CSE) and Athens Exchange Group (ATHEXGroup) announced on Wednesday their successful collaboration, resulting in the CSE becoming compliant with the Settlement Discipline Regulation, as of February 1...

The Cyprus Land and Building Developers Association (LBDA) warned against the potential rise in VAT for property purchases, saying that this would harm both the economy and first-time buyers. The ...

The establishment of a new hospitality school in Platres is aiming to tackle both labour shortages in the hospitality industry, as well as the issue of rural flight, people flocking ...

Limassol port management company DP World Limassol welcomed the world’s biggest cruise ship on Monday, Royal Caribbean International’s Wonder of the Seas. “It is with great pleasure that ...

The National Betting Authority generated €192 million in revenue during the third quarter of 2021, reflecting a 12 per cent increase over the corresponding quarter of the year before, according to a report ...

The Cyprus Stock Exchange (CSE) and Swiss Exchange (SIX) signed an agreement on Monday for the establishment of the post-trade infrastructure necessary to facilitate the dual-listing of Cyprus‘ Euro medium-term ...

High levels of private debt continue to stifle the growth of Cypriot banks, increasing fiscal vulnerability and negatively impacting credit availability, ratings agency Moody’s said on Monday. The agency’...

The Cyprus Economic Society (CES) will be hosting its annual economy panel on Thursday, with the online event delving into Cyprus’ economic outlook and prospects. Among the speakers are Bank ...

The European Startup Universe, the biggest project for EU tech startups, is coming to Cyprus, the non-profit organisation announced earlier this month. The programme, which is scheduled to start on ...

Microsoft will share a public preview of how users can experience Android applications on Windows 11 through its online store, it announced on Wednesday. “As a team, we feel an immense ...

The Cyprus Deputy Ministry of Shipping announced on Friday the expiration of the deadline for the submission of tenders to establish a passenger maritime link between Cyprus and Greece, as ...

State-owned asset management company Kedipes announced on Friday that it repaid €60 million in state aid during the fourth quarter of the previous year, with state aid repayments reaching €250 million for ...

The Larnaca Tourism Development and Promotion Company (Etap) presented on Thursday a number of upgrades and additions to both the city and district’s tourist infrastructure for 2022. “The Larnaca tourism ...

The European Court of Auditors (ECA) said on Monday that a number of EU member states, including Cyprus, were still behind with their 5G network rollout plans. Moreover, Belgium, Bulgaria, ...

We visited Indian restaurant Saffron on a blisteringly cold weekday evening, the cuisine serving to complement the innumerable layers of clothing we had donned for our outing. Because once you ...

The deputy tourism ministry announced on Wednesday 12 grant schemes that will come into effect this year as part of its national tourism strategy 2030. “The plans concern the development of special ...

The cabinet has approved a new €3 million scheme to support businesses in light of the recent restrictions imposed in some sections of the economy, Finance Minister Constantinos Petrides said on ...

Total non-performing loans (NPLs) decreased by €32 million at the end of October 2021, compared to the previous month, when total loans increased by €14 million to € 27.91 billion. According to data released on ...

Cyprus is suffering from a low level of judicial efficiency, excessive reliance on a limited number of countries for trade relations, as well as high costs for cross-border transactions, according ...

Cyprus, alongside a handful of other countries, is still lagging behind with its 5G network rollout, the European Court of Auditors (ECA) said on Monday, calling for increased urgency in ...

The Cyprus University of Technology (Tepak) and the German embassy in Cyprus announced on Tuesday that the two discussed possible avenues of collaboration in areas of common interest. The meeting ...