Total loans and deposits show increase in May

Total deposits in May recorded a net increase of €925.7m while total loans recorded a net increase of €70.2m

07:55 - 28 June 2024

Examination of third country nationals’ work permits sped up, Minister says

The Minister noted that the process now lasts less than two months compared to five months in the past

07:52 - 28 June 2024

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An economy of growth and high potential

The facts and figures are proving the naysayers wrong, as the country’s enduring growth continues

07:03 - 28 June 2024

KEDIPES begins approvals for mortgage-to-rent eligible borrowers

Lambros Papadopoulos, President of KEDIPES said applications submitted by borrowers so far amount to 2,092

12:12 - 27 June 2024

Cyprus requests targeted review of its Recovery and Resilience Plan from the Commission

The Cypriot recovery and resilience plan amounts to 1.2 billion euro, including 1 billion euro in grants

08:15 - 27 June 2024

"Significant benefits" for Cyprus from EIB local office, Finance Ministry says

Finance Minister Keravnos offered to temporarily host EIB staff at the Ministry, until a permanent office is secured

07:31 - 25 June 2024

Invest Cyprus discusses business and investment ties with India’s High Commissioner

They focused on enhancing collaboration in key areas such as innovation, R&D, and bolstering the start-up ecosystem

11:45 - 21 June 2024

European Semester report on Cyprus outlines competitiveness challenges

The European Semester approach aims to enhance the competitiveness of the EU’s economies

12:05 - 20 June 2024

Cabinet approves extension of measures to compensate high living costs

The measures take fiscal conditions and challenges as well as the summer climate conditions on the island into account

08:13 - 20 June 2024

Cyprus issues €1 billion 7-year Eurobond

According to sources, the initial guideline given by the issuing advisors is approximately 60 basis points above the reference price

12:30 - 19 June 2024

Vafeades underlines need to prevent side effects of green policies on shipping and ports

Transport Minister Alexis Vafeades spoke during discussions in the Transport Council of the EU held in Luxembourg

12:19 - 19 June 2024

Finance Minister stresses role of cohesion towards green and digital transitions

Makis Keravnos was speaking during the General Affairs Council of the EU, held in Luxembourg

12:19 - 19 June 2024

Construction materials Index records annual decrease of 1.32%

The Index recorded a marginal increase of 0.11% compared to the previous month and reached 117,35 units

08:04 - 19 June 2024

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Economy

Total loans and deposits show increase in May

Examination of third country nationals’ work permits sped up, Minister says

An economy of growth and high potential

KEDIPES begins approvals for mortgage-to-rent eligible borrowers

Cyprus requests targeted review of its Recovery and Resilience Plan from the Commission

EIB head to inaugurate Bank’s offices in Cyprus in the Autumn

There are risks from use of illegal platforms and imitations, EUIPO official warns

Particularities of island states should be respected, Agriculture Minister says

Decision on Great Sea Interconnector after study is received, Energy Minister says

Turnover Value Index in Motor Vehicles up by 15.7% in Q12024

Tesla and Samsung interested in electricity storage in Cyprus, Minister says

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