Cyprus’ first private power plant is on track to go online in 2023, as the project owners Cyfield Group announced the signing of the final financing agreement for the 260MW station. As
A new study from Juniper Research has found that the total number of digital wallet users will exceed 5.2 billion globally in 2026, up from 3.4 billion in 2022, representing strong growth
Debt held by households and non-financial corporations in the first quarter of 2022 amounted to €56.2 bln, according to the Central Bank of Cyprus. Household debt in Q1 was €20.2 billion, corresponding
Standard and Poor’s has confirmed the country’s largest lender Bank of Cyprus’ long-term and short-term credit rating of “B+/B”, maintaining an outlook positive, hinting at a possible upgrade in the near future.
As we embark on a new era, where digitisation and advanced technologies, like artificial intelligence and the Internet of Things, become a must for more sectors of the economy, we are faced
Owners of hospitality and nightclub venues at resorts are pleased to see their establishments working at full capacity as the tourism season hits its peak, reaching pre-COVID levels. In comments to news
Cyprus ranks 20 among the 27 EU Member States in the latest edition of the Digital Economy and Society Index (DESI), moving up one place from last year. According to a European
Cyta participates in the $850 mln East Med Corridor (EMC) submarine cable system that ensures digital connectivity following an agreement signed in Athens. It said the East Med Corridor (EMC) is “a
In recent years, the Cypriot economy has faced intense challenges due to unpredictable external factors, such as the pandemic, the war in Ukraine and the rapid increase in inflation. Although these conditions
Cypriot economic sentiment improved in July due to stronger business confidence in services and industry, according to a University of Cyprus index. The Economic Sentiment Indicator (ESI-CypERC) increased by 1.4 points compared
