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

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

The lender said it was taking decisive action to strengthen its liquidity as it looked to become a simpler bank.

07:43 - 16 March 2023

KEDIPES records highest cash inflow so far

Its €310m repayment to the state for the same year is also considered the highest annual payment made so far

08:29 - 15 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

Finance Minister Keravnos in Brussels for Eurogroup and Ecofin meetings

Minister of Finance Makis Keravnos is in Brussels to take part in the Eurogroup and Ecofin meetings.

08:13 - 13 March 2023

Parliament rejects bill on new foreclosures moratorium

The House has rejected a bill delaying property foreclosures for another three months.

10:41 - 10 March 2023

Σελιδα 136 απο 138

Economy

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

Trade deficit records sharp increase in January

Government employment down an annual 3.3% in February

News Feed