Cyprus publishes Sustainable Finance Framework

The Finance Ministry’s Debt Management Office (PDMO) has published its Sustainable Finance Framework in view of its first-ever sustainable bond …

15:05 - 16 March 2023

Cyprus President and Finance Minister in contact with CBC Governor over Credit Suisse developments

The President and Finance Minister are in contact with the Governor of the Central Bank of Cyprus, who is currently …

13:22 - 16 March 2023

Tourism partially recovered in 2022

Eurostat: overnight stays in Cypriot hotels recovered close to pre-pandemic levels in 2022, particularly during the summer months

10:40 - 16 March 2023

Frozen assets of €1.4b from sanctions on Russia

So far, €720 million have been reserved from Cyprus Investment Firms (CIFs) and another €719 million have been reserved and …

08:40 - 16 March 2023

Four CySEC-regulated firms affected by US bank collapse

CySEC Chairman George Theocharides was reassuring, saying the deposits were of the companies' own resources and not their customers' money

07:52 - 16 March 2023

Trade deficit records sharp increase in January

Trade deficit reached €1,393.3m in January compared to €528.7 million in the same month of 2022, recording an increase of …

15:26 - 13 March 2023

Government employment down an annual 3.3% in February

The decline was attributed to the transfer of Hourly Paid Workers from the Ministry of Health to the State Health …

13:42 - 13 March 2023

CBC Governor: Financially literate citizens contribute to economy's efficiency and growth

"Studies indicate that poor financial decision-making, including excessive risk-taking by individuals, preceded financial crises in the past"

10:31 - 13 March 2023

Finance Ministry: looking at ways to tackle NPLs

It is also in “constant consultation and are working towards the implementation of the mortgage-to-rent as soon as possible”

09:52 - 13 March 2023

President Christodoulides welcomes Fitch upgrade

The President gave credit to the previous government for all the work that has been done to lead to this …

09:43 - 13 March 2023

Fitch upgrades Cyprus’ long-term credit rating

By one notch to ‘BBB’ with a stable outlook, citing outperformance of fiscal balance and growth rate

08:44 - 13 March 2023

Invest Cyprus: Investment relations between Saudi Arabia and Cyprus are entering a new era

The Ministry of Finance of the Republic of Cyprus and the Ministry of Investment of the Kingdom of Saudi Arabia …

08:39 - 13 March 2023

UCY Professor sees little risk of financial fallout in Europe from SVB’s collapse

Stavros Zenios professor of Finance at the University of Cyprus said he sees a small risk for a fallout to …

08:25 - 13 March 2023

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Economy

Cyprus publishes Sustainable Finance Framework

Cyprus President and Finance Minister in contact with CBC Governor over Credit Suisse developments

Tourism partially recovered in 2022

Frozen assets of €1.4b from sanctions on Russia

Four CySEC-regulated firms affected by US bank collapse

Credit Suisse to borrow up to $54b from Swiss central bank

KEDIPES records highest cash inflow so far

FinMin: Tight timelines a challenge in implementing recovery plans

Agriculture Ministry to introduce farmer’s card and auction for agricultural products

KEDIPES approves draft for mortgage-to-rent scheme

Our aim is to further develop Cyprus shipping, Deputy Minister Hadjimanolis says

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