Hellenic Bank is close to offloading the last of its Non-Performing Loans after sealing an agreement to sell a package of NPLs worth over a billion euros and its debt servicing platform APS.

Finance Minister Constantinos Petrides is pleased with Cyprus’ recent upgrading by rating agency DBRS Morningstar from BBB(Low) to BBB, revising its outlook from positive to stable.

European Investment Bank (EIB) president Werner Hoyer during his visit to Cyprus on Monday confirmed that projects in Cyprus absorbed €303 million during the previous year, with both the private and public sectors benefiting from EIB support.

Authorities are confident the island will have a better tourist season, as passenger traffic is expected to increase by 50% in 2022 compared to last year.

Cypriot businesses recorded increases above the EU average in sales and services provided via the web in 2020, according to a new report by Eurostat.

The increase in the property supply has contributed to a decline in prices in Cyprus in recent months, according to the latest figures reported by the Statistical Service of Cyprus (CyStat) this week.

EY, in association with Hult International Business School, today announces a brand new, fully accredited Masters in Business Analytics, available to all 312,000 EY people free of charge and regardless of rank, tenure or location.

The health insurance organisation (HIO) recognises that abuse of Gesy by providers and beneficiaries is one of the most serious problems facing the national health system and is taking steps to address the issue, officials said on Thursday.

The health ministry announced a slew of changes to the Covid-19 restrictions, ranging from the end of outdoor mask mandates from April 11 to a SafePass no longer being required in most work settings.

Education Minister Prodromos Prodromou praised the deepening ties with the US and hailed Friday’s ceremony to formalise the agreement establishing an American University of Beirut campus in Paphos.