Cyprus is reviewing ways to enable distressed borrowers to keep their homes after its ESTIA scheme for toxic mortgages has failed to generate interest with only 10% of loan defaulters applying for
Larnaca and Paphos airports have set a new annual passenger traffic record as they welcomed 11 million passengers for the first time. It is estimated that more than 11.3 million passengers will
The licensing process for 5G (5G) wireless is proceeding as planned and as expected the platforms will be allocated to providers within the deadlines set by EU legislation. That is the 700MHz
Inflation in Cyprus was 0.5% in November, up from -0.5% in October and down from 1.6% in November 2018. During the 11 months to November, an increase of 0.5% was observed compared
Non-Performing Exposures (NPEs) in the Cyprus banking sector, declined by €27 mln, to €9.68 bln in July 2019, compared to the previous month, but they still represent a third of all loans.
Hourly labour costs increase year-on-year in Cyprus (6.1%) in Q3 were nearly three times the eurozone average (2.6%) and double that of the EU28 (3.1%). In the second quarter of 2019, hourly
The number of Cyprus job vacancies in Q3 reached 7,130, a decrease of 537 places or 7% compared to the same quarter of 2018 when the number was 7,667. Compared to Q2
New Cyprus company registrations recorded a 19.5% annual drop in November and the decrease was 13.3% for the first 11 months of 2019, data released by the Registrar of Companies and Official
While EU member states are completing their fast internet connection targets set by the bloc, Cyprus is nowhere near coming close to them. EU targets foresee that more than 50% of households
By Antonis Loizou The real estate market is improving, with regards, especially, the revival of the demand for residential apartments. After stagnancy of development (2008-2016), an increase in the population, the provision
