Cyprus by the Numbers

The Cyprus Development Bank (CDB) on Monday announced the launch of a new business loan scheme that takes into account environmental aspects for business and other professional facilities. The scheme ...

Finance Minister Constantinos Petrides on Tuesday said that the performance of the Cypriot economy is a testament to its resilience and positive momentum, while also stressing the importance of reducing ...

Rental values for both apartments and houses rose during the fourth quarter of the previous year, according to a report released this week by independent real estate asset management and ...

The Bank of Cyprus on Friday announced that it has been named ‘Best Private Banking & Wealth Management Bank’ in Cyprus for 2022 after an online voting process surveying customers on ...

The transformation of banks’ business model towards digitalisation and their profitability enhancement by rationalising their cost structure, while closely monitoring the underlying risks of this transformation, are the main banking ...

Finance Minister Constantinos Petrides on Friday welcomed the European Commission’s forecasts for the Cypriot economy, viewing them as a validation of the country’s recovery and future prospects. In ...

The European Commission predicts a 4.1 per cent increase for the real GDP of Cyprus in 2022 and a 3.5 per cent increase in 2023, in its Winter 2022 Economic Forecast which was published on ...

Cyprus’ foreign trade showed signs of recovery in the final two months of 2021, with exports hitting €702.7 million in value during that time, while total exports surpassed €3 billion for the entire ...

Cyprus Shipping Chamber (CSC) President and ICS Vice-Chairman Themis Papadopoulos and CSC Director General Thomas Kazakos, represented the Cyprus shipping industry at the Board of Directors meeting of the International ...

The Industrial Turnover Index increased by 17.8 per cent year-on-year in November, with the index being 13.6 per cent higher in the first eleven months of 2021 when compared to the corresponding period ...

The volume of credit card transactions rose by 72 per cent between September and November of 2021, according to data provided by credit card processing company JCC to the Cyprus News Agency (...

According to the Cyprus Statistical Service (Cystat), inflation in Cyprus reached 5.4 per cent in January, while the Consumer Price Index (CPI) fell by 0.53 units to reach 104.57 units. The CPI stood ...

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 ...

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...

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 ...

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 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 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, ...

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 ...