Trade deficit in first semester shows annual increase by around €574 million

The deficit increased despite the large decrease of imports in May and June compared to 2022

07:39 - 10 August 2023

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Panicos Nicolaou: “We are well on track to achieve our 2023 targets”

Bank of Cyprus’ CEO issued a statement following the announcement of the bank’s first half results

11:47 - 09 August 2023

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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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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

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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

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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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