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Hellenic Bank will officially adopt the name Eurobank Limited following its legal consolidation with Eurobank Cyprus, according to a decision by the board of directors on May 27.
Cyprus is stepping up efforts to bolster its maritime sector, with President Nikos Christodoulides reaffirming that shipping will be among the key priorities during the country’s upcoming EU Council Presidency in 2026.
Cyprus recorded €43.8 million in high-value property transactions in April 2025, marking a 52.8 per cent drop compared to March, according to real estate analytics firm Ask Wire.
Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis. Tannousis addressed an i ...
Emergency Liquidity Assistance for Bank of Cyprus (BoC) has dropped below half its peak level for the first time according to data from the Central Bank of Cyprus.
A rise in confidence in the services sector and among consumers helped boost the monthly Economic Sentiment Indicator (ESI) by 6.6 points in August 2015 to 106.9, the highest level since the index started to take a downturn in late-2008.
Finance Minister Harris Georgiades said that the current turmoil in China is not impacting Cyprus in any way adding that demand for Cypriot government bonds could increase.
Income tax revenues dropped year on year by 6.7% in the second quarter, pointing to a still weak employment market.
The government will press ahead with plans to create a technology park in Pentakomo, Limassol by launching incentives international research and development companies, according to Commerce Ministry permanent undersecretary Stelios Chimonas.
The deal by the Israeli government to allow Noble and Delek to develop the giant Leviathan field is seen as a positive development for the Aphrodite field in Cyprus’ offshore Block 12.
Tourism arrivals by the end of July 2015 were the highest since 2002 and the third best on record after 2000 and 2001, Cyprus Tourism Organisation chairman Angelos Loizou said recently.
Cypriot banks saw their non-performing loans rise in June 2015 to 46.37%, or by €68.2m, from 46.02% the previous month, the Central Bank of Cyprus said.
The relocation of strategic oil reserves from the Larnaca seafront to the Vasilikos Energy Centre has been completed, the Ministry of Energy said recently.
Cabinet has authorised the Energy Minister to negotiate a two-year extension of Italian and South Korean consortium ENI-KOGAS’ licence to explore for hydrocarbons on Cyprus’ exclusive economic zone (EEZ).
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