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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 ...
The Public Debt Management Office sold a total of €120m in 13-Week Treasury Bills at an auction recently.
Cyprus’ energy agenda in 2016 will be extensive, Energy Minister Giorgos Lakkotrypis said recently.
Economic sentiment recovered in December 2015 compared to the month before, rising 1.3 units to 107.6, and matching that of October, which was the highest since April 2015, the University of Cyprus said.
The chairman of the Paphos Commerce and Industry Chamber, Andreas Demetriades, said that the development of the Paphos marina will have a positive multiplier effect on all other sectors of the local economy.
In an effort to improve their financial status and increase their liquidity, major banks in Cyprus place the restructuring of non-performing loans (NPLs) as a priority for the new year, especially now after the government has recently passed the respective law on NPLs.
Should Chinese shipping company COSCO be successful in getting the concession of Cyprus' Limassol port, it would help promote the 'Belt and Road' Initiative, according to leading economics professor, Sofronis Clerides.
Finance Minister Harris Georgiades said recently that as Cyprus would soon be exiting its bailout programme, it was time for a sober assessment to avoid a repeat situation.
The European Bank for Reconstruction and Development (EBRD) is providing Bank of Cyprus (BoC) with a €50 million trade facility under its Trade Facilitation Programme (TFP).
A well-established bank from the Middle East is on the verge of buying Legacy Laiki asset Marfin Bank Romania, according to press sources.
Retail trade volumes rose by 3% over the year earlier in October 2015, down from 4.6% in September, according to the latest figures form the Statistical Service Cystat.
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