Bank of Cyprus records €220m profit in H1

The group’s performance improved significantly compared with last year’s €43m first-half profit

10:25 - 09 August 2023

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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

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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

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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

Motor vehicles registrations up 27.9% during January to July

Of the total passenger saloon cars, 9,231 or 43.6% were new and 11,947 or 56.4% were used cars

16:00 - 08 August 2023

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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

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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

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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

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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

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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

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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

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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

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