Despite its small size, Cyprus’s ambition of becoming a fintech hub has been boosted by the decision of Binance, the world’s largest cryptocurrency trading platform, to establish a presence on the island.
Economists are confident the island’s economy and banking system will not be impacted by a rise in interest rates in the Eurozone, despite warnings by the European Central Bank. In its latest
The soaring cost of living and higher interest threaten to blow open the real estate sector’s recovery, say local stakeholders who want the government to step in. In comments to the Financial
The thorny issue of recognising the recently proclaimed independence of the Ukrainian Orthodox Church and Russia’s invasion is decisive in the campaign for the Archbishop’s throne. Almost half of the Holy Synod
Olivewood, Cyprus’ rebranded audiovisual industry, is again under the spotlight as yet another multi-million production aims to hit cinemas in early 2023 in a reputation boost. The film The Islander, starring Agni
Turkish Cypriots are seeing their purchasing power disappear, as prices of essential goods have skyrocketed within the past year, with inflation in the north recording a year-on-year 120% increase in October. According
Cyprus society is simmering at melting point under the pressure of the cost of living while corruption scandals spread disillusionment, say psychologists. An increase in violent incidents at football matches, municipalities reporting
The dream of owning a home is becoming a nightmare for Cypriot millennial couples as a 20% increase in prices in the past year has made buying a house impossible, with the
Cyprus’ banking and real estate sectors will not be affected by a possible bubble from overheating of the residential market in the European Union, say local stakeholders. In a recent survey carried
Trade through the Green Line could hit an all-time high this year, breaking 2008’s record when close to €8 mln worth of products crossed the divide, but it’s way below potential. The
