Cyprus GDP to fall in 2023, recovery expected in subsequent years
Cyprus’ GDP is estimated to have reached a growth rate of 5.8 per cent for 2022, according to a report released on Friday by the...
CENTRAL BANK
Lagarde, ECB board due in Cyprus next month
President of the European Central Bank (ECB), Christine Lagarde, will be in Cyprus next month. This will be her second visit to the island this...
Central bank seeks tenders for digital system to verify data of bank clients
The Central Bank of Cyprus (CBC) has issued a call for tenders for a project to digitally verify the data of bank clients. The successful...
Debt restructurings slow down in 2022 following a record year
By Gregoris Savva Debt restructurings in Cyprus declined to €545 million in the first half of 2022, with loan renegotiations slowing down following a record...
CBC warns consumers of fake bank
The Central Bank of Cyprus (CBC) sent out a warning on Wednesday to the public against using a Limassol-based credit institution identified as Sabax Bank,...
‘Manageable increase’ in ECB interest rates expected, says CBC governor
Cyprus’ Central Bank (CBC) governor, Constantinos Herodotou on Friday projected that an expected rise in interest rates by the European Central Bank (ECB) would be...
CBC paints gloomy picture for rest of 2022
The magnitude of the impact on the Cyprus economy from the war in Ukraine will depend on the duration of hostilities, and sanctions against Russia,...
Cyprus ship management sector generated half a billion in 6 months
Cyprus’ revenues from ship management rose to €516 million during the second half of 2021, corresponding to 4.2 per cent of Cyprus’ GDP in terms...
ECB’s Lagarde due in Cyprus next week
President of the European Central Bank (ECB) Christine Lagarde will be in Cyprus next week following an invitation from Central Bank Governor Constantinos Herodotou, it...
Cyprus govt sets up bank account, food collection points for people of Ukraine
President Nicos Anastasiades has given instructions for opening a bank account within the Central Bank of Cyprus for the public to donate to the people...
