Total deposits held in Cyprus banks reached €48.6 billion in November 2019, while outstanding loans were €34.2 bln, data released by the Central Bank of Cyprus show. Total deposits in November recorded
Monthly earnings of employees in the third quarter of 2019 increased by 3% on an annual basis but there is still a gender pay gap, provisional data by the Cyprus Statistical Service
By Dr Nicos Koussis Seven years after the financial crisis that severely hit the banking sector and Cyprus receiving a €10 bln international bailout, the economy has for many, exhibited a remarkable
RCB Bank said it has conducted the first transactions of Russian Mir cards in the European Union. Mir, one of the youngest and fastest-growing payment systems was launched four years ago in
The Central Bank of Cyprus (CBC) sees some downside risks for the Cypriot economy over the next two years that may lead to slower GDP growth despite the robust economic activity. Non
Cyprus Airways launched its inaugural flight from Paphos to Athens on Saturday 21 December 2019 with the aircraft receiving a ceremonial water salute at the Greek airport. Branded sweets were offered at
By Antonis Loizou With the Xmas spirit coming up we thought of writing a “light” article on the subject of real estate. A country which is better known as a holiday destination
Social partners have welcomed the renewal of collective agreements between two of Cyprus largest banks and staff unions but there is a fragile truce. Working relations in the banking sector may be
Cypriot petroleum company Petrolina is relocating to its privately-owned facilities at the new liquid petroleum gas terminal at Vasiliko on 1 January 2020 within the timeframe agreed with the authorities. With the
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
