DBRS rating agency has said that Cyprus faces significant credit challenges related to its still sizable non-performing exposures (NPEs) in the banking sector, high levels of private and public sector debt, external imbalances, and the small size of its service-driven economy, which exposes Cyprus to adverse changes in external demand.

The European Commission’s Director-General for Research and Innovation Jean-Eric Paquet will be in Cyprus on May 21 and 22, 2019.

Finance Minister, Harris Georgiades, said recently that the confirmation of Cyprus’ credit rating by Canadian rating agency DBRS was a positive development.

DBRS Ratings Limited (DBRS) has confirmed Cyprus’ Long-Term Foreign and Local Currency – Issuer Ratings at BBB (low).

Contrary to what was expected, tourist arrivals rose by 4.8% in April 2019 compared to last year, a new record.

A team from the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, also known as Moneyval, arrived in Cyprus recently for a comprehensive review of Cyprus’ corporate, legal and financial sectors.

The Ledra Arcade, a commercial centre in central Nicosia that used to belong to the Cyprus Trading Corporation (CTC) is up for sale by the Bank of Cyprus’ Real Estate Management Unit (Remu) for €10.5m.

Cyprus Seeds completed the second phase of the evaluation process, namely the Web-Video Interviews with the 16 projects which were short listed on the basis of the written applications.

Lebanese Byblos Bank celebrates the opening of its new Cyprus branch premises in Limassol with an inauguration recently.

New Central Bank Governor Constantinos Herodotou, has called on Cypriot banks to invest in technology and staff training to speed up due diligence checks on lawful transactions for anti-money laundering (AML).