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The Bank of Cyprus posted a profit after tax of €117 million for the first quarter of 2025, marking an increase of 9 per cent compared to the previous quarter.
Larnaca has begun work on what is expected to become one of Cyprus’ most important cultural landmarks, a €30 million Art and Design Centre set to be completed by 2030.
The highest average interest rate on new floating-rate housing loans reached 5.24 per cent in March, according to a report published on Monday by the Central Bank of Cyprus (CBC).
Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis. Tannousis addressed an i ...
Tourist arrivals rose in May 2018 by 7.6% to 450,955 compared to the respective month of 2017 as secondary markets offset a decline in Russian visitors, the statistical service said recently.
Government Spokesman Prodromos Prodromou stressed the need for a solution to the problem of Non-Performing Loans in Cyprus.
The harmonised consumer price index rose in May 2018 an annual 1% compared to a year before mainly on more expensive energy products, the statistical service said.
The cabinet approved in principle Hellenic Bank’s offer for the acquisition of state-owned Cyprus Cooperative Bank’s operations, Finance Minister Harris Georgiades said.
Larnaca’s satellite casino will likely be housed at Larnaca International Airport, according to local press reports.
The number of persons employed in the first quarter of 2018 rose 4%, to 391,701, compared to January to March last year, the statistical service said citing a flash estimate.
The government has issued a notice for the expropriation of land for the EuroAsia Interconnector’s high-voltage direct current (HDVC) converter station, the project’s website has said.
The 2018 budget for the Cyprus Hydrocarbons Company (CHC) of €6m was approved recently by the cabinet, the deputy government spokesperson Clelia Vassiliou announced.
The number of company registrations rose in May 11% to 1,271 compared to the respective month of 2017, the Department of Registrar of Companies and Official Receiver said.
Non-performing loans in the Cypriot banking system fell in February 2019 by €122m to €22bn or 45.3% in a month and by €1.9bn in a year, the Central Bank of Cyprus said.
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