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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 ...
Cyprus and Jordan announced recently the activation of technical committees to discuss the details of possible cooperation in the gas sector.
Cyprus saw a record number of tourist arrivals during the summer 0f 2015, deputy general director of the Cyprus Tourist Organisation, Annita Demetriades, said recently.
The government has forwarded to the troika its draft proposal regarding the legal unbundling of the Electricity Authority of Cyprus (EAC) and is expecting the lenders’ feedback in a few days, Energy Minister Giorgos Lakkotrypis said recently.
The Price Index of Construction Materials for the period January-November 2015 recorded a decrease of 2,58%.
Industrial turnover recorded an annual decrease of 3.4% between January and September 2015.
A Cyprus Chamber of Commerce official has said that the investment by Chinese nationals in properties has helped the construction sector of Cyprus spring back.
The recent deal between Turkey and Israel, which could lead to normalised relations between the two nations since they soured in 2010, could have a positive impact on Cyprus’ own natural gas export plans.
Cobalt Air, an ambitious Cyprus-based airline, plans to launch commercial operations in early Spring, and it intends to make a splash on arrival, chief commercial officer Michael Hayden said.
Cyprus unemployment tumbled by 10.5% year on year in the third quarter of 2015 according to the latest figures from the Labour Force Survey conducted by the Statistical Service Cystat.
Bank of Cyprus officials have said that the lender has concluded about 80% of is targeted restructuring of non-performing loans and that the aim is to close the year with €1 bln worth of bad loans.
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