News

Interest rate on housing loans increased to 2.55%

03.09.2022 July 2022 saw an increase in lending rates and a reduction in new loans, according to a report released this week by the Central Bank of Cyprus. According to..

Altamira: Attractive proposals in houses, apartments and plots

02.09.2022 As every week, the company presents on its website new options for plots, houses and apartments in popular areas of the island of great interest, such as Strovolos, Aglancia,..

Retail Value Turnover Index up 11.4% in July 2022

02.09.2022 The retail trade value index rose by 11.4% in July 2022 compared to the corresponding month of the previous year, while the retail trade volume index increased by 1.5%..

Cyprus sees surplus of €141.8 million in first seven months of 2022

02.09.2022 According to preliminary data published by the Cypriot Statistical Office (Cystat), as a percentage of GDP, the general government surplus in January-July 2022 was 0.6% of GDP, compared to..

Increase in lending rates and a drop in new loans

01.09.2022 According to data released on Thursday by the Central Bank of Cyprus, in July there was an increase in lending rates and a decrease in new loans. The statistics..

Promoting the shipping of Cyprus through a series of meetings with Dutch shipping companies

01.09.2022 Deputy Shipping Minister Vassilis Demetriades traveled to the Netherlands on Wednesday to support and promote Cypriot shipping through a series of meetings with Dutch shipping companies. According to a..

Limassol led the way in real estate transactions in Q2 2022

31.08.2022 The city of Limassol continued to lead in real estate transactions in the second quarter of 2022, with the coastal city accounting for 46.5% of total transactions, according to..

Homes from €4,050 in the September auctions

31.08.2022 There are dozens of residential properties expected to be put up for sale through auctions in September. The auctions concern residential properties in mountainous, seaside and urban areas in..

Output prices index rises by an annual 27.5% in July

31.08.2022 The July 2022 Industrial Price Index jumped 27.5% year-on-year, signaling inflationary pressure on economic activity in the midst of the war in Ukraine and the recovery from the Covid-19..

Financial aid to Turkish Cypriots up by €1.4 million in 2021

31.08.2022 The financial assistance of the Republic of Cyprus to Turkish Cypriots increased by 1.4 million euros in 2021. Finance Minister Konstantinos Petrides, who briefed the Cabinet on Wednesday about..

Bank of Cyprus posts €50 mln half-year profit

31.08.2022 The Bank of Cyprus released its financial results for the first half of 2022 on Wednesday, reporting an after-tax profit of €50 million , a significant improvement from the..

What is Cypriot business like today?

31.08.2022 According to a report published this week by the Cypriot Statistical Office (Cystat), total sales of petroleum products in Cyprus fell slightly in July, with sales at filling stations..

Credit acquiring companies and ‘bad’ practices

31.08.2022 The latest Financial Stability Report published by the Central Bank of Cyprus (CBC) states that “credit acquiring companies (CACs) should have the tools available to lending institutions in order..

Law firms failed due diligence for golden passports

31.08.2022 According to the Bar Association, some of the largest law firms in Cyprus did not conduct due diligence on foreign investors who obtained a Cypriot passport under the now..

Wealth Avenue: The CSE-listed company acquires four properties in Athens

30.08.2022 The NEA-listed company adds four new properties to its portfolio . to Ypres Wealth Avenue PLC (WEALTH). This purchase is carried out as part of the implementation of its..

The Icon: In demand Icon Stays service

30.08.2022 Icon Stays is a pole of attraction for both locals and foreign visitors to Limassol. Icon Stays, a short-term rental service that has been operating for several months in..

Uncollected taxes in Cyprus estimated at €2 billion

30.08.2022 According to a report published this week by the State Audit Office, a series of loopholes and shortcomings in the way the rules are applied has caused millions of..

Cypriot business today

30.08.2022 CarVal, a recognized global manager of alternative investments, on Monday increased its stake in Bank of Cyprus to 9.07%, up from a previous percentage of 8.57%, through the purchase..

Tourism revenue exceeds €800 million in the first half of the year

30.08.2022 Tourism revenue reached €835.7 million in the first half of 2022, a significant increase compared to the corresponding period in 2021, according to a report released on Monday by..

The economic sentiment declined in a 17-month low

29.08.2022 Economic sentiment in Cyprus deteriorated to a 17-month low in August as the Economic Sentiment Indicator (ESI-CypERC) fell 4.5 points from July 2022. The decline in ESI-CypERC was associated..

Ministry of Transport signed contract for Cloud hosting services

29.08.2022 The Cyprus Ministry of Transport has signed a cloud hosting contract for its national open transport data platform, which will monitor and manage traffic. According to a ministry press..

A new era of monetary policy is just beginning

27.08.2022 The current time and the next period, at least for a number of years, will be more insidious for monetary policy. This is due to the fact that the..

Businesses moving to the cloud must have a strategy in place

27.08.2022 The pandemic has exposed great financial, economic and operational weakness around the world. This has prompted organizations across all industries to redouble their business assurance planning efforts, which in..

Cyprus business today

27.08.2022 According to a report released on Friday by the Central Bank of Cyprus, the balance of deposits in Cyprus was 51.2 billion euros and the balance of loans was..

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