Loan restructurings skyrocket in 2023, new loans slightly down

According to data released by the Central Bank of Cyprus (CBC), net new borrowing in 2023 amounted to €3.269b

07:38 - 05 February 2024

home-loan-car-loan-conceptloan-buy-car-buy-house

Governor of the Bank of Spain, Pablo Hernández de Cos

Bank of Spain Governor to meet Herodotou and economic sectors representatives

Pablo Hernández de Cos will be in Cyprus on Monday and Tuesday, 5 and 6 February

07:31 - 05 February 2024

Five ministers lay bare their priorities for Vision 2035

The Ministers spoke to IN Business magazine about their strategy and main priorities for the country's green transition

07:13 - 03 February 2024

Inflation edges up to 1.7% in January

Prices tumbled for furnishings, household equipment & routine maintenance of the house

11:04 - 02 February 2024

Retail trade turnover rose 8.9% last year

In December, the Turnover Value Index of Retail Trade increased by 4.2% compared to the same month in 2022

08:22 - 02 February 2024

Industrial output prices decelerate in 2023 as inflation subsides

Industrial Output prices rose by 4.5% in 2023, marking a significant deceleration in price increases in the industry sector

08:21 - 01 February 2024

Private debt in Cyprus at 206% of GDP in Q3 2023

According to the CBC, since December 2016, household debt to GDP declined by 48% in Cyprus

08:17 - 01 February 2024

€6.6 million photovoltaic systems installed at 405 Cypriot schools

The project included the installation of PV systems, with a total power of 4.9 MW, thermal insulation and waterproofing

08:10 - 01 February 2024

Tourism DepMin says 80,000 arrivals from Switzerland this year is a feasible target

Koumis’ comments came following contacts with tourist officials in Zurich

11:18 - 31 January 2024

Industrial production in Cyprus up by an annual 5% in November

The Index in November reached 138.5 units (base 2015=100), recording an increase of 4.8% compared to 2022

10:13 - 31 January 2024

A total of 642 counterfeit euro banknotes withdrawn from circulation in 2023

The Central Bank of Cyprus advises the public to be careful and to scrutinise banknotes when transacting in cash

10:09 - 31 January 2024

Great Sea Interconnector: Cyprus’ shareholding and the outcome of the Papanastasiou-Keravnos meeting

The board of directors of Great Sea Interconnector has also been formed, headed by Manos Manousakis

09:27 - 31 January 2024

FinMin ready to meet all goals and especially those set for 2024, Minister says

Makis Keravnos was asked to comment on the measures for the economy announced by President Christodoulides

13:38 - 30 January 2024

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Economy

Loan restructurings skyrocket in 2023, new loans slightly down

Bank of Spain Governor to meet Herodotou and economic sectors representatives

Five ministers lay bare their priorities for Vision 2035

Inflation edges up to 1.7% in January

Retail trade turnover rose 8.9% last year

NPLs steady at 8.3% in November 2023

CBC Governor expects interest rate cuts in 2024, barring unforeseen events

Household deposit rates up, consumer credit down in December

Cyprus among countries paying their annual contribution to the UN budget in full

Tourism revenue in first 11 months of 2023 surpasses 2019 record

Economic sentiment improved in January 2024

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