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The Bank of Cyprus (BoC) has announced the date for reviewing its audited financial statements for the year ended December 31, 2025, and released an updated financial calendar for 2026.
Cyprus’ real estate sector is entering a period of transformation, according to Yiannis Misirlis, chairman of the Cyprus Property Developers Association,
Cyprus recorded an accelerated increase in house prices in the fourth quarter of 2025, driven by strong demand from both domestic and foreign buyers, according to the Central Bank of Cyprus (CBC).
Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength a ...
The latest figures for the EU-harmonised consumer price index (HICP) confirm the deflationary trend in Cyprus, with prices measured by the HICP dropping year on year by 2.1% in April 2016 after a decline of 2.2% in March according to the Statistical Service, Cystat.
Holders of Cypriot cards used plastic money for purchases in Cyprus worth €189m in April 2016 and €764m in the first four months of 2016, which was 14% and 7% higher compared to the respective periods of 2015, JCC Payment Systems said recently.
The Ministry of Energy, Commerce, Industry and Tourism said that Poseidon Grand Marina of Paphos was the successful bidder in a competition for the construction of a marina in Paphos with a capacity of 1,000.
Revenue from tourism rose 22% year-on-year in February 2016, to €37.6m, the statistical service said recently.
“Cyprus Needs a Compromise and Common Efforts” says Stavros Pavlou, Senior & Managing Partner of Patrikios Pavlou & Associates LLC in an interview as published in the April-June 2016 issue of the Cyprus-Russian Successful Business Magazine.
Though initially Cyprus was to borrow €10 billion from the Troika, the final balance sheet shows the amount to be precisely €7,248,793,691, which it must pay back by 2031.
The President of the Paphos Chamber of Commerce and Industry Andreas Demetriades will visit China, accompanied by the President and General Manager of the CTO between May 14-19 2016, aiming to increase the tourist market from the Asian country.
Bank of Cyprus (BoC) is expected to report a significant reduction of non-performing loans (NPLs) and Emergency Liquidity Assistance (ELA) for the first quarter of 2016 according to a trading update issued recently.
Permasteelisa Group, the worldwide leading contractor in engineering, project management, manufacturing and installation of architectural envelopes and interior systems, announced the geographic expansion of the company to new territories including Cyprus.
The trade deficit for the period January-February 2016 was €465.7 million, compared to €368.4 million during the same period in 2015, according to data published recently by the Statistical Service of Cyprus.
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