Finance Ministry stresses importance of stable legislation for out of court auctions in tandem with insolvency framework

The Finance Ministry wants stable legislation regulating out of court auctions, in tandem with an effective insolvency framework in order …

08:18 - 29 March 2023

State Aid Control Commissioner expects Halloumi support plan from Agriculture Ministry

State Aid Control Commissioner Stella Michaelidou is waiting for a traditional Halloumi cheese marketing and production support plan from the …

08:04 - 29 March 2023

Energy Minister: Potential for regional cooperation in hydrogen transport in the Eastern Mediterranean

Energy Minister Giorgos Papanastasiou has drawn attention to the potential of the Eastern Mediterranean region to contribute to the diversification …

07:56 - 29 March 2023

CBC adopts climate-related risk considerations and SRI strategies

The Central Bank of Cyprus has adopted a number of climate-related risk considerations and Sustainable and Responsible Investment strategies, to …

13:04 - 28 March 2023

Deposits in Cyprus banks up by €357.1 million in February

Total deposits in February recorded a net increase of €357.1 million, compared with a net decrease of €583.8 million in …

08:54 - 28 March 2023

Larnaca Chamber of Commerce and Industry aims to make the city an attractive investment destination

The broader objective of the LCCI is to make Larnaca a qualitative investment destination

07:48 - 27 March 2023

Cyprus is ideally positioned to develop into a regional logistics hub

At a time when companies around the world are redesigning their supply chains, Cyprus, located at the crossroads of three …

07:30 - 25 March 2023

NPLs down to 9.5% of total loans at end 2022

At the end of 2022 total loans amounted to €24.4 billion, down from €27 billion at the end of 2021

16:26 - 24 March 2023

Plenty of exciting job opportunities at City of Dreams Mediterranean

With Melco Cyprus planning to employ another 2,500 people ahead of the grand opening of City of Dreams Mediterranean in …

14:09 - 24 March 2023

Trade deficit up by 34.5% in 2022

Cyprus’ trade deficit increased by almost €2b (or 34.5%) in 2022 compared with the year before, going from €5,278.3m in …

12:32 - 24 March 2023

Central Bank sees Cyprus GDP growth at 2.6% in 2023

The Central Bank of Cyprus (CBC) has marginally revised its projections upwards for GDP growth this year, citing slightly improved …

12:05 - 24 March 2023

Which shops will be open on 25 March and 1 April

While most shops are expected to remain open on Saturday, 25 March, general retail outlets will have to be closed …

10:16 - 24 March 2023

Cyprus Consul in Bahrain discusses bilateral cooperation in tourism and energy

The Consul of Cyprus in Bahrain has had a series of meetings with Ministers of the Kingdom to discuss bilateral …

09:47 - 24 March 2023

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Economy

Finance Ministry stresses importance of stable legislation for out of court auctions in tandem with insolvency framework

State Aid Control Commissioner expects Halloumi support plan from Agriculture Ministry

Energy Minister: Potential for regional cooperation in hydrogen transport in the Eastern Mediterranean

CBC adopts climate-related risk considerations and SRI strategies

Deposits in Cyprus banks up by €357.1 million in February

FinMin calls on banks to promote loan restructurings, maintain low interest rates and charges

Cyprus wants sustainable bond investors

Sales of petroleum products down 7% y-o-y in February

Initiatives on NPLs aim also to deal with a possible increase, says CBC

Saudi National Bank chair resigns, days after Credit Suisse comments sparked sell-off

Dickran Ouzounian: Delays, shortages and interest rates have put the brakes on the motor industry

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