New loans issued in H1 2019 were up 11.5% compared to the same period last year, while the thorny issue of non-performing loans is dissipating as toxic mortgages dropped about 30% of all loans, significantly down from the 50%-plus during the financial crisis in 2012.

Central Bank of Cyprus (CBC) governor Constandinos Herodotou recently met with the chief officers of banks licensed in Cyprus, mainly discussing lenders’ approach to borrowers with non-performing loans.

Received certification from the Minister of Labour, Zeta Emilianidou

After just over one year in operation Cyprus Casinos celebrated another important milestone by welcoming its one-millionth visitor in July 2019.

Household debt dropped slightly to €20.4b in March 2019 from €20.5b in December 2018, accounting for 97% of Cyprus’ GDP, according to the Central Bank of Cyprus.

Vassiliko Cement Works posted after tax profits of €10.1m for the first six months of 2019, a 13.5% jump on the €8.9m made during the same period last year.

Cyprus has the second-highest number of mobile tertiary students in the EU, according to the latest Eurostat figures published recently.

The joint venture of Kition Ocean Holdings has submitted its proposal for the development of the existing Larnaca port and marina.

Energy Minister Giorgos Lakkotrypis said recently that a cabinet decision the previous day granting licences to France’s Total and Italy’s Eni for block 7 of Cyprus’ exclusive economic zone (EEZ) would strengthen the consortium in several ways.

The University of Cyprus Economic Research Centre said recently that economic sentiment in Cyprus deteriorated in July as the Economic Sentiment Indicator (ESI-CypERC) decreased by 1.7 points compared with June 2019.