The European Central Bank has launched its EU-wide banking stress tests for 2023, with baseline assumptions for Cyprus providing for 2.5% GDP growth, followed by 3.1% for 2024 and 2025. ECB supervisors
Larnaca-based TUS Airways announced a record number of passengers last year that spiked over 1,100% compared to 2021. It said that during 2022, the airline successfully operated over 600% more flights than
The digital transformation journey has begun, but Cyprus needs more skilled tech professionals to see it through, Deputy Minister of Innovation and Digital Policy Kyriacos Kokkinos said. “The greatest weakness of Cyprus
By Han Tan, Chief Market Analyst at Exinity Group Markets have been reluctant to make big moves in the lead up to this week’s keenly awaited central bank decisions. However, such price
Cyprus remains the EU country with the highest stock of non-performing loans (assets) of the general government at 20.2% of GDP, according to Eurostat data. This was due to a large transaction
By Craig Erlam We’re seeing plenty of caution in the markets this week which is perhaps not entirely surprising given what lies ahead. Earnings season isn’t going as well as hoped and
By Lukman Otunuga, Senior Research Analyst at FXTM The next few days promise to be wild and incredibly eventful for financial markets thanks to a string of central bank decisions, earnings from
Household debt reached €20 bln, equivalent to 77% of Gross Domestic Product in Q3 2022, marking a slight decrease compared to the previous quarter due to the increase in GDP, according to
Turkey is behind mass irregular migration to Cyprus, said Interior Minister Nicos Nouris during a review of his term in office. Nouris said that despite European efforts, there was no response on behalf
The crypto market cap jumped by 35% in January and hit $1.08 trln this week, as the world’s largest and most expensive cryptocurrency, Bitcoin, began 2023 on a positive note, bringing some
