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FINANCIAL NEWS

Cyprus exceeded 2020 target for RES cont

Cyprus exceeded 2020 target for RES contribution in electricity consumption, Pelides said

Cyprus has exceeded its European goals for 2020 regarding the contribution of RES to final energy consumption, reaching 17% from 13% which was the...

02-02-2023 18:34
The World Bank will provide technical as

The World Bank will provide technical assistance to formulate a strategy for Akamas, Kadis said

The Minister of Agriculture and Rural Development, Costas Kadis and the Deputy Minister of Tourism, Savvas Perdios, met with representatives of the...

02-02-2023 17:10
New lending in 2022 in Cyprus reaches €3

New lending in 2022 in Cyprus reaches €3.23 billion, exceeding pre-pandemic levels

New credit provided by Cypriot banks reached €3.23 billion in 2022, marking an increase of 10% year one year despite the uncertainty driven by the...

02-02-2023 14:56
Interest rates in Cyprus continued upwar

Interest rates in Cyprus continued upward path in December

Interest rates in the Cypriot banking system continued rising in December in the context of the ECB’s monetary normalization policy to tackle high...

02-02-2023 14:13
Cost of February presidential elections

Cost of February presidential elections in Cyprus budgeted at 7 million euros

The cost of the presidential elections in Cyprus set to take place this month is estimated at 7 million euros, based on the expenditures included in...

02-02-2023 13:55
Minister notes programme supporting wome

Minister notes programme supporting women entrepreneurs in Cyprus, applications approved exceed €10 mln

A total of 187 applications submitted by women were approved in 2021 for the amount of 10.6 million euros, in the framework of the New...

01-02-2023 20:44
Labour Minister says he will not leave M

Labour Minister says he will not leave Ministry without prompting revision of strategy for third country nationals' employment

Labour Minister Kyriacos Koushos said on Wednesday that he will not leave the Ministry unless he has promoted a revision of the strategy for the...

01-02-2023 18:23
Retail trade turnover value significantl

Retail trade turnover value significantly up in 2022, volume fails to keep up

The value of retail trade was up significantly in 2022 on an annual basis while the volume recorded a more modest increase, data released on...

01-02-2023 15:52
Minister of Agriculture outlines progres

Minister of Agriculture outlines progress and future challenges for his successor

The positive prospects for the registration of Cyprus' "red potato", as a Protected Geographical Indication, was the latest development announced by...

01-02-2023 14:59
Net foreign direct investment stock drop

Net foreign direct investment stock drops further in 2021 with Russia being the top partner, CBC report shows

The net Foreign Direct Investment (FDI) stock of Cyprus decreased further in 2021, with Russia being the top partner, according to a report published...

01-02-2023 14:20
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