Business

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 ...

Greece’s Independent Power Transmission Operator (Admie), the project promoter for the Great Sea Interconnector, has suspended payments to French company Nexans responsible for manufacturing and installing the submarine cable ...

Cyprus’ Larnaca and Paphos airports achieved a milestone in passenger traffic during February, surpassing half a million passengers, according to the Transport Ministry. Specifically, the two airports welcomed a total ...

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 House is set to vote on Thursday afternoon on the National Betting Authority (NBA) budget law of 2025. The proposed budget aims to establish a surplus of approximately €514,000 by allocating €55,602,239 ...

The euro held at a four-month high against the US dollar on Thursday, as optimism lingered around Germany’s plan for a massive infrastructure fund and debt overhaul, ahead of ...

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 Institute of Certified Public Accountants of Cyprus (ICPAC) has developed a structured process to draft an official document outlining its positions and recommendations on the preliminary tax reform framework ...

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 ...

Konstantin Zapolianski, Senior Investment Director at Zubr Capital, recently spoke to the Cyprus Mail about Cyprus’ growing potential as a destination for technology and digital industries. With the ICT sector ...

All British workers, including nearly a million agency workers, will be entitled to a contract which reflects the hours they regularly work, according to amendments tabled by the government to ...

As the crypto market evolves, investors are looking beyond hype-driven assets and focusing on projects with real-world utility. Two tokens drawing attention for very different reasons are Mutuum Finance (MUTM) ...

As Cardano (ADA) moves toward the $3 mark, traders are beginning to explore alternative investments with the potential for even higher returns. While ADA remains a solid choice, a new contender ...

The DeFi lending sector is expanding rapidly, with new projects competing to offer more efficient and accessible financial solutions. Among them, Mutuum Finance (MUTM) is drawing significant attention for its ...

For years, a giant crypto whale, who’s been active in the market since the days of Satoshi Nakamoto, has carefully watched the ebb and flow of digital assets. Now, ...

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 ...

With the advances made in cryptocurrency by the year 2025, investors are in search of valuable projects that would express high growth potential while solving core challenges within their ecosystems. In ...

As the crypto market evolves, investors are searching for high-growth opportunities beyond established projects like Cardano (ADA) and Tron (TRX). One altcoin that is rapidly gaining traction is Mutuum Finance (...

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 ...

Hellenic Bank has decided to extend its voluntary exit scheme by six days, allowing employees to submit their applications until March 11, it emerged on Wednesday. According to a report from ...

Finance Minister Makis Keravnos on Wednesday expressed his full support for the re-establishment of the cooperative banking sector in Cyprus on a stable and sustainable basis. During a meeting with ...