The cost of building materials in Cyprus continues to rise, while the Central Bank warned the war in Ukraine will only make things worse for the construction industry. According to the Cyprus
The government aims to reduce public debt to 94% of GDP in 2022, but this target could be affected by the economic crisis, and the war in Ukraine, said Finance Minister Constantinos
Cyprus will issue its first-ever Green Bond in 2023, aiming to yield up to €1 bln to finance climate-related or special environmental projects. Following the cabinet’s approval last week, the Finance Ministry
Inflation is the rate of increase in prices, meaning that you need more money to buy the same product or service. By extent, if your salary remains the same, your purchasing power
Cyprus remains the leading beneficiary of European Investment Bank (EIB) engagement in Europe relative to GDP, confirmed EIB president Werner Hoyer during his visit. Following meetings with President Nicos Anastasiades and Finance
Hellenic Bank is close to offloading the last of its Non-Performing Loans after sealing an agreement to sell a package of NPLs worth over a billion euros and its debt servicing platform
Finance Minister Constantinos Petrides is pleased with Cyprus’ recent upgrading by rating agency DBRS Morningstar from BBB(Low) to BBB, revising its outlook from positive to stable. Petrides said in a statement: “DBRS
Cyprus will issue its first-ever Green Bond, as the cabinet approved a proposal tabled by Finance Minister Constantinos Petrides. According to a cabinet decision, the Finance Minister has been authorised to launch
Still ‘unfairly’ carrying the stain on its reputation from the bubble that burst over 20 years ago, the Cyprus Stock Exchange is now one step closer to finding a strategic partner to
Despite the challenges, 2021 was another successful year for the Investment Funds sector in Cyprus; total Assets Under Management (AUM) reached €11.6 bln from €8.6 bln, an annual increase of 34.8%. The
