Ryanair announced a new year-round Paphos route to Yerevan in Armenia, with a twice-weekly service commencing in June as part of its renewed Cyprus 2020 schedule. “Cypriot consumers and visitors to Armenia
While deposit rates are hitting rock bottom, with some banks even applying negative interest rates on large deposits, Cyprus Insurance Investment Funds may offer investors a way out. According to the latest
The eurozone’s bailout fund agreed on Thursday to Cyprus repaying €6.3 bln of costly crisis loans from the International Monetary Fund, so it can replace them with cheaper loans from the market.
Cyprus Central Bank Governor Constantinos Herodotou called on Cypriot banks to bolster their efforts to further reduce non-performing loans (NPLs) while the current economic environment remains favourable. Addressing a conference on “Indebtedness
New mortgage lending in Greece, Ireland, Austria, and Spain is offered at a higher rate than the average rate for outstanding mortgages, while for Cyprus, Belgium and Finland, the difference between new
Pure new bank lending to corporations and households amounted to €3.19 bln in 2019 marking a slight annual increase attributed to large corporate credit over €1 mln. According to data released by
Cypriots are worse off than they were 10 years ago with Cyprus among only six countries whose workforce was paid less in 2019, on average, than in 2010, according to a European
By Anna Theologou Following past failures of the Cyprus banking system emanating from bad banking practices through predatory lending, which caused the economic crisis, banks continued until recently to implement unsustainable loan
As Cyprus remains permanently undecided on how to replace the short-term gains from selling passports, nobody seems to care about investing in the next generation of talent, either locals or attracting young
A 42-year-old Ukrainian national was remanded in Cyprus police custody for seven days on suspicion of financial fraud for allegedly scamming $92 mln from a Cypriot company. The man was arrested on
