No cause for concern, Hellenic Bank CEO says

The bank is all right – this was the main outcome of an informal discussion between the Hellenic Bank CEO …

07:28 - 17 March 2023

New technology, professional challenges, and more explored at 18th CFO Management Forum and IN Business CFO Awards 2023

The 18th CFO Management Forum and IN Business CFO Awards 2023 has kicked off with an address by Fotini Tsikkou, …

16:44 - 16 March 2023

Cyprus publishes Sustainable Finance Framework

The Finance Ministry’s Debt Management Office (PDMO) has published its Sustainable Finance Framework in view of its first-ever sustainable bond …

15:05 - 16 March 2023

Cyprus President and Finance Minister in contact with CBC Governor over Credit Suisse developments

The President and Finance Minister are in contact with the Governor of the Central Bank of Cyprus, who is currently …

13:22 - 16 March 2023

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

KEDIPES approves draft for mortgage-to-rent scheme

The scheme is currently being assessed by the European Commission’s Directorate-General for Competition (DG Comp) to ensure it is in …

16:14 - 14 March 2023

Our aim is to further develop Cyprus shipping, Deputy Minister Hadjimanolis says

The Deputy Ministry of Shipping and the Cyprus Shipping Chamber have reaffirmed their cooperation in efforts to further develop the …

07:55 - 14 March 2023

Trade deficit records sharp increase in January

Trade deficit reached €1,393.3m in January compared to €528.7 million in the same month of 2022, recording an increase of …

15:26 - 13 March 2023

Government employment down an annual 3.3% in February

The decline was attributed to the transfer of Hourly Paid Workers from the Ministry of Health to the State Health …

13:42 - 13 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

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Economy

No cause for concern, Hellenic Bank CEO says

New technology, professional challenges, and more explored at 18th CFO Management Forum and IN Business CFO Awards 2023

Cyprus publishes Sustainable Finance Framework

Cyprus President and Finance Minister in contact with CBC Governor over Credit Suisse developments

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

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