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CBC: Reference interest rate το prevent usury at 8.93%

29.07.2022 The Central Bank of Cyprus (CBC) has calculated the base interest rate το to prevent usury at 8.93%. “The Central Bank of Cyprus, exercising its powers under article 314A..

Cypriot banks see a tightening of lending criteria in the second quarter of 2022

29.07.2022 Cypriot banks see a tightening of lending criteria in the second quarter of 2022 due to the uncertainty surrounding the Russian invasion of Ukraine, according to the Bank Lending..

Week of apartments and houses from Altamira Real Estate

28.07.2022 At a time when Cypriots are looking for ready-made apartments and houses, Altamira Real Estate offers unique opportunities ideal for any interested buyer. Properties in the popular areas of..

Payment request from Cyprus for €85 million under RRF

28.07.2022 The European Commission announced on Thursday that it received the first payment request from Cyprus under the Recovery and Resilience Fund (RRF) for 85 million euros in financial support..

Economic sentiment improved in June

28.07.2022 Economic sentiment improved in July, the Center for Economic Research at the University of Cyprus said on Wednesday. Specifically, in its monthly newsletter, the think tank reports that economic..

Deposits at €51 billion and loans at €28.7 billion in June

28.07.2022 Outstanding deposits reached EUR 51.3 billion in June and loans outstanding at EUR 28.7 billion, according to figures released Wednesday by the Central Bank of Cyprus, which are included..

Foreign investments key to sustainable growth

28.07.2022 Eugenios Evgeniou, chairman of the Cyprus Investment Promotion Agency, commonly referred to as Invest Cyprus, said on Wednesday that the country's efforts to attract foreign companies have helped increase..

Outstanding deposits in June reached 51.3 billion euros

28.07.2022 The Central Bank of Cyprus on Wednesday released a report showing outstanding deposits in June reached 51.3 billion euros. Moreover, the central bank's report also showed that the total..

CySEC receives Great Place to Work certification

28.07.2022 The Cyprus Securities and Exchange Commission received the Great Place to Work® certification. CySEC is the second government agency to successfully pass the Great Place to Work® assessment, according..

Tryfon Tseriotiswould be giving its employees extra days of annual leave

27.07.2022 Tryfon Tseriotis, a company that sells and distributes more than 40 local and international brands, announced on Tuesday that it would be giving its employees extra days of annual..

Modern two-story commercial building near the new GSP is being sold by AstroBank

26.07.2022 A two-story building of modern architecture in a privileged location in the Strovolos industrial area, despite the new GSP, is for sale by AstroBank. Built around 2010, the total..

Startups4Peace announced on Monday the launch of its 2022 program

26.07.2022 Startups4Peace (Su4P), an EU-funded innovative entrepreneurship project supported by the Finnish Embassy, announced on Monday the launch of its 2022 program. The program is implemented in partnership with the..

CBC downgrades its forecasts for Cyprus’ economic growth in 2022

25.07.2022 The Central Bank of Cyprus (CBC) lowered its forecasts for GDP growth in 2022 by 0.9 percentage points due to the negative consequences of the war in Ukraine and..

The new trends in Cypriot real estate and how the market is moving

21.07.2022 Cyprus real estate is facing new data and new trends as the pandemic and then the war in Ukraine with its aftermath brought significant changes to the daily lives..

Central Bank allays fears of property bubble

21.07.2022 At present, the real estate sector is not a destabilizing factor for the banking system, nor are there fears of a real estate bubble or leftovers from the defunct..

CySEC launches campaign to help tackle growing investment harm

19.07.2022 The Cyprus Securities and Exchange Commission (CySEC) has announced a new investor protection campaign to help deal with the growing international investment damage disaster. In the press release, CySEC..

Dynamics and strengths of the Investment Funds sector

19.07.2022 The data, reflected in the European Funds and Asset Management Association (EFAMA) Factbook 2022 - Trends in European Investment Funds, demonstrates the dynamics and strengths of the specific sector..

Irene Mylona-Chrysostomos recent appointment as the new Registrar of Companies and Intellectual Property

19.07.2022 The Cyprus Investment Funds Association (CIFA) released a public statement on Monday congratulating Irene Mylona-Chrysostomos on her recent appointment as the new Registrar of Companies and Intellectual Property. "Mrs...

At 19.42% the Price Index of Construction Materials in June

18.07.2022 The building materials price index was formed in June at 19.42% year on year, reflecting rising contractor costs as well as an upward trend in prices in the construction..

Panorama: Cyfield’s new attractive proposition in Platy Aglantzias

18.07.2022 A new attractive residential offer is presented to the market by Cyfield. This is the Panorama project, located in the qualitatively renovated Platis Aglantzias area in Nicosia, on Lambousas..

ΕC upgraded its forecast for Cyprus’ real GDP growth

18.07.2022 The European Commission has revised its summer forecasts for Cyprus real GDP growth in 2022 upward by 3.2%, almost one percentage point above its spring forecasts, while it estimates..

Uncertainty due to health crisis and geopolitical developments

18.07.2022 According to the Financial Stability Report released by the Central Bank of Cyprus on Monday, the Cypriot economy has recovered significantly in 2021. However, the geopolitical and energy crisis..

Turning tenants into buyers

17.07.2022 Changes have taken place in the real estate sector of Limassol. Recently increased demand in the local housing market is gradually shifting the interest of developers to the construction..

The share of non-performing loans in Cyprus rose to 11.4% in the first quarter of 2022

16.07.2022 According to a report published this week by the Central Bank of Cyprus, the share of non-performing loans (NPL) in Cyprus rose to 11.4% in the first quarter of..

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