Kyriacos Nicolaou

The value of bounced cheques remained at the same level as the previous month in February 2025, with an increase in the number of cheques issued, according to the Central Bank ...

The European Central Bank (ECB) on Thursday announced a 25 basis point cut to its three key interest rates, marking a shift in its monetary policy stance. The decision, taken by ...

Non-performing loans (NPLs) in the Cyprus banking system remained stable in November 2024, standing at €1.61 billion, according to data released by the Central Bank of Cyprus (CBC) on Thursday. The total ...

Cyprus’ Consumer Price Index (CPI) saw an increase in February 2025, pushing the annual inflation rate to 1.9 per cent, according to the latest figures from the state statistical service. Specifically, the ...

The PwC Cyprus Foundation on Thursday announced the successful completion of its Scale Up 2 Programme, a global PwC initiative designed to accelerate the growth of promising startups. This year, for ...

The Cyprus Securities and Exchange Commission (CySEC) has approved Eurobank’s public offer document for the acquisition of up to 100 per cent of Hellenic Bank’s issued share capital. The ...

The Energy Ministry this week announced that Eni Cyprus Limited is offering scholarships for postgraduate studies in energy and environmental management. This initiative, the ministry explained, is part of the ...

The Bank of Cyprus on Thursday announced that it has received the Quality Recognition Award from global financial services firm JP Morgan Chase. The award, which the Bank of Cyprus ...

The turnover of most economic sectors in Cyprus recorded an increase in 2024, reflecting the country’s broader economic growth, which has been driven by key industries such as tourism and ...

New loans in Cyprus saw a significant decline in January 2025, with total net new lending dropping to €318.7 million from €592 million in December, according to a report released by the Central ...

The outlook for tourism in the Famagusta district is highly promising, according to Ayia Napa Mayor Christos Zannettou, who is attending the ITB Berlin 2025 tourism exhibition. In a statement, the ...

Retail trade turnover in Cyprus recorded an annual increase in both value and volume in January, according to the state statistical service. The retail trade turnover value index, excluding motor ...

Cyprus has recorded a surplus of €1.5 billion for 2024, equivalent to 4.5 per cent of GDP, according to preliminary results released on Tuesday by the state statistical service. This marks a sharp ...

Greece’s economic climate deteriorated in February, with the relevant index falling to 106.9 points from 108.6 the previous month, returning to levels last seen at the end of the previous year, ...

The Cypriot economy is projected to have grown by 3.4 per cent during 2024, in real terms, according to the state statistical service. At current prices, the Gross Domestic Product (GDP) is ...

Cyprus has recorded a surplus of €1.5 billion for 2024, equivalent to 4.5 per cent of GDP, according to preliminary results released on Tuesday by the state statistical service. This marks a sharp ...

Tourism revenue in Cyprus saw a significant year-on-year increase of 17 per cent in December 2024, according to a report released on Tuesday by the state statistical service. Based on data collected ...

The annual inflation rate in Cyprus is projected to reach 2.3 per cent in February 2025, down from 2.9 per cent in January, according to preliminary estimates by Eurostat, the statistical office of ...

20 per cent of workers in Cyprus were classified as low-wage earners in 2022, compared to 14.7 per cent across the European Union (EU), according to a report by Eurostat. In addition, it ...

The Bank of Cyprus has announced the completion of its first transactions under its new share buyback programme, with approximately five per cent of the maximum total value of the ...

The Cyprus International Businesses Association (CIBA) is currently analysing the proposed tax reform, according to an official statement. Following its review, the statement said, CIBA will present its views and ...

The industrial producer price index for January 2025 stood at 121.9 points, with 2021 acting as the base year set at 100 points, marking a 0.3 per cent decrease compared to the same month in 2024, ...

A new legislative proposal seeks to exclude casino transactions from the recently enacted €10,000 cash transaction cap on goods and services purchases. The bill was submitted to the House this week ...

The Central Bank of Cyprus (CBC) has issued a warning about counterfeit $100 US banknotes circulating in the market. In its statement, the central bank urged both the public and businesses ...