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Interest rates for new housing loans in Cyprus rose to a peak of 3.41 per cent in January, up from 3.25 per cent during the previous month, though borrowing costs on the island remain lower than the eurozone average.
Invest Cyprus presented the results and actions for 2024 and 2025 during its annual general meeting, highlighting the strengthening of Cyprus’ international investment position and the growing contribution of foreign investors to the national economy.
Limassol district local government organisation (EOA) president Yiannis Tsouloftas this week met with shipping deputy minister Marina Hadjimanolis to discuss cooperation opportunities under the European EIT Water initiative.
Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength a ...
A significant success of the University of Cyprus is the fact that it is ranked among the top universities in the world, in seven of the eleven subject categories, according to the new ranking published by Times Higher Education.
Cyprus ship management revenue declined to €484 million in the first half of 2020, reflecting the negative effects of the coronavirus pandemic to the shipping industry.
Cyprus tourism has been hit worse than initially estimated from the coronavirus pandemic, according to Deputy Tourism Minister Savvas Perdios who briefed the relevant parliamentary committee on Tuesday.
UK airline Jet2 has joined Tui and Thomas Cook in cancelling flights and holidays to Cyprus as Britain is on the verge of going into a second lockdown banning non-essential travel.
Petrol consumption in Cyprus fell by 25% in September 2020 compared to the same month last year, while petrol use dropped by 14%, the Cyprus Consumers Association said on Monday.
The UK government’s decision to put the country on lockdown for four weeks from Thursday has created shockwaves felt by Cyprus hotels, who have fired a distress signal.
There were some clear indications of economic improvement in September and October of this year, according to a report released by the University of Cyprus Economic Research Centre on Monday.
With the spectre of a new, but softer, lockdown looming, epidemiologists met Health Minister Constantinos Ioannou on Monday where they suggested tighter measures to contain COVID-19, especially in Limassol and Paphos.
The Health Ministry has called on citizens to call 1412 – from 8am to 8pm, Monday through Friday – and to visit the website ovid@moh.gov.cy for any coronavirus-related queries or clarifications.
Total new loans recorded an increase of €98.2 million, to €315.6 million in September 2020, compared with €217.4 million in the previous month, according to figures released on Monday by the Central Bank of Cyprus.
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