Economy

Cyprus to consider French SME subsidy scheme

The EU has approved a €3.5b subsidy scheme for very small, small and medium sized businesses in France

08:39 - 09 August 2023

Russia hits back at Cyprus over sanctions

It has suspended part of the two countries’ double-tax treaty, as part of a broader clampdown on “unfriendly countries”

08:07 - 09 August 2023

Loan renegotiations spike to record levels

The steep increase was mainly driven by the ECB's perpetual interest rate hikes

07:38 - 09 August 2023

Bounced cheques amounted to €112,717 in July

During the first seven months of the year there were 233 bounced cheques with a total value of €615,810

15:00 - 08 August 2023

CMMI: Agreement for blue economy training programmes

It has signed a Memorandum of Understanding with the Human Resource Development Authority

09:30 - 07 August 2023

June industrial producer prices up in Cyprus, down in EU

Prices in Cyprus increased by 0.1% compared with May, while decreasing by 0.4% in both the Eurozone and the EU

10:04 - 04 August 2023

2024 state budget to be submitted to Cabinet in mid-September

It will be the first annual state budget under the government of Nikos Christodoulides

09:36 - 04 August 2023

Registered unemployed down 6.8% y-o-y in July

Unemployed persons registered at the District Labour Offices on the last day of July reached 13,187, down by 958

09:06 - 04 August 2023

Union ETYK welcomes Hellenic Bank changes

The bank employees’ union said it hoped this will finally put the bank back on track

09:00 - 04 August 2023

Inflation hits 28-month low in July

It rose at a rate of 1.5%, the slowest since March 2021

08:05 - 04 August 2023

Antonis Rouvas: Hellenic’s business model is resilient despite the challenges

Hellenic Bank’s interim CEO said he wants to promote changes and focus on longstanding issues

13:19 - 03 August 2023

NEWS FEED

9 hours agoFinancial Services

Paphos to upgrade its tourism offering

The executive director of the town’s regional tourism board said "intensive efforts" are underway

12:02 - 03 August 2023

Banks grant €1.73b pure credit in H1 amid rising rates

However, pure new credit dropped significantly in June to €240m from €546m the month before

09:24 - 03 August 2023

June unemployment down y-o-y

Unemployment in Cyprus stood at 4.8% in June, compared with 7.3% in the same month last year

09:03 - 03 August 2023

Just over 400 ships sailed from Turkey to Cyprus in three years

The Ports Authority said this was indicative of how impactful Turkey’s embargo is on Cyprus shipping

08:53 - 03 August 2023

June sees sharp deposit rate hike

Despite the June increases, interest rates for deposits remain among the lowest in the Eurozone

08:29 - 03 August 2023

Invest Cyprus on the lookout for a Deputy Director General

The successful candidate will benefit from a competitive remuneration and benefits package

14:54 - 02 August 2023

Eurobank Cyprus: Strong capital adequacy and profitability in H1 2023

The Bank’s net profit after tax reached €90.8m in the first half of 2023

10:00 - 02 August 2023

Retail turnover up 8.4% in value, 6.4% in volume in June

The Turnover Value Index of Retail Trade for June 2023 increased by 8.4%

15:30 - 01 August 2023

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