Euro area records trade surplus; Cyprus records trade deficit
From January to December 2019, euro area exports of goods to the rest of the world rose to €2 345.4 bn (an increase of 2.7% compared with January-December 2018), and imports rose to €2...
Pure new lending in Cyprus amounted to €3.19 billion in 2019
Pure new lending to corporations and households amounted to €3.19 billion in 2019 marking a slight annual increase attributed to large corporate credit of over €1 million.
"Pure new lending in 2019 amounted to €3,194...
Address by Cypriot President at CIBA 2019 AGM
The full statement by the Cypriot President Mr. Nicos Anastasiades follows below:
"It is a great pleasure to join you at the 26th Annual General Meeting of the Cyprus International Businesses Association (CIBA) and an...
Cyprus Shipping achieves prolongation of current tax system
Cyprus Shipping achieved on Monday the successful prolongation of the Cyprus Shipping Taxation System for another ten years by the European Commission, which had been submitted for official approval on the 6th of November,...
Shipping is a valuable asset for Cyprus, President stresses
Shipping is a valuable asset for Cyprus, generating an annual revenue that corresponds to 7% of total GDP, President of Cyprus Nicos Anastasiades said on Tuesday. He also noted that 3% of the total...
Cyprus Transport Minister and 8 counterparts object to new rules of mobility package on...
Minister of Transport, Yiannis Karousos and his Bulgarian, Estonian, Latvian, Polish, Lithuanian, Maltese and Romanian counterparts, met Tuesday with the Commission Vice President Frans Timmermans and the Commissioner for Transport, Anna Ioana Valean, to...
Central Bank Governor: Banks need to do more about NPL’s
Central Bank of Cyprus (CBC) Governor Constantinos Herodotou called on the Cypriot banks to step up their efforts to further reduce non-performing loans (NPLs) as the current conducive environment remains in place.
Addressing a conference...
Picking the people around you: ‘Team Up or Team Down’
A Greek saying goes as follows: “If you show me your friends, I can tell you who you are”. I would say the same goes for business. Work with the best, be one of...
Total deposits at €48.6 billion in November 2019
Total deposits in Cyprus reached €48.6 billion in November 2019, while outstanding loans €34.2 billion, data released by the Central Bank of Cyprus on Thursday, show.
In particular, according to the official data total deposits...
Theodoros Mantis: Changes Needed to Attract Companies of Foreign Interests
In recent years, the aim of the state has been to promote Cyprus as an attractive investment destination and as a credible business center, through the attraction and establishment of foreign companies on the...
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