European Investment Bank president in Cyprus for official visit
The President of the European Investment Bank (EIB), Werner Hoyer, is paying a visit to Cyprus and will meet on Monday with the President of Republic, Nicos Anastasiades.
According to an EIB announcement, Hoyer is...
Central Bank: Non-Performing Financing records further decrease
A further decrease of €175 million or 1.8% was recorded in aggregate NPFs at the end of September 2019, compared to the end of June 2019, and, as a result, a fall in the...
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...
European Commission forecasts increase in Cyprus GDP
The economy in Cyprus will grow by 3.2% in 2019, 2.8% in 2020 and 2.5% in 2021, according to the European Commission's Winter Economic Forecast, published today in Brussels and presented by Commissioner Paolo...
Billion euro deal signed for Larnaca port and marina
The government of Cyprus has signed an agreement with an Israeli consortium for the development of the Larnaca port and marina of an overall value of €1 billion.
The agreement was announced on Thursday by...
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...
Building permits issued in Cyprus increase during 2019
The number of building permits issued by municipal authorities and the district administration offices during the period January - November 2019, increased by approximately 11% over the corresponding period of 2018, with the value...
Exclusive interview: Hizzle co-founder Erik Evripidou
I recently had the opportunity to sit down for a conversation with Hizzle co-founder Erik Evripidou. Erik and I talked about the Hizzle, its culture and guiding principles, the startup ecosystem in Cyprus, as...
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...
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...
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