Cyprus Archives - Financial Mirror

HB sets €100 mln Notes issue price, oversubscribed x3.7

Hellenic Bank announced that it has priced an issue of €100 mln Senior Preferred Notes under the bank’s €1.5 bln Euro Medium Term Note (EMTN) programme, at par with a fixed annual

11th September 2024

Companies/Cyprus

The Odysseus Paradox

In less than two weeks, the Supreme Court of Cyprus will decide the fate of the Auditor General following charges filed against him by the government for improper behaviour. Odysseas Michaelides has

7th September 2024

Columnists/Comment/Cyprus

August CPI marginally up, +1.5% year-on-year

The Consumer Price Index (CPI) increased marginally in August to 118.0 points, up 0.31% from 117.73 in July, with the rate of inflation of cost of consumer goods and services rising 1.5%

5th September 2024

Cyprus/Economy

Residential market shows signs of cooling

The island’s residential market is cooling down for the first time in four years, despite significant annual increases in property prices and rents across Cyprus. Recent quarterly data suggest that this slowdown

2nd September 2024

Columnists/Cyprus/Property

HB profits, income see ‘flat’ growth in Q2

Hellenic Bank, poised to become the largest lender in Cyprus after a series of takeovers and consolidation in the banking sector, recorded near-identical profits in the second quarter of the year, as

30th August 2024

Companies/Cyprus

Economic sentiment improves, uncertainty also rises

Economic sentiment in Cyprus improved in August, as a benchmark index compiled by the University of Cyprus increased by 1.5 points from July, rising from 104.3 points to 105.8, marginally above the

27th August 2024

Cyprus/Economy

Cyprus, Greece, Serbia real estate prove resilient

Foreign investment and increased local demand keep markets on a growth path As Europe’s real estate leaders grapple with a market burdened by inflationary pressures and rising interest rates, the property

24th August 2024

Columnists/Cyprus/Property

CCLEI growth rate improves from ‘stable’ to ‘positive’

The year-over-year growth rate of a leading indicator used to predict the future direction of economic movements in Cyprus, improved in July, as a result of an increase in almost all the

23rd August 2024

Cyprus/Economy

Cyprus supports US-Egypt-Qatar effort to diffuse Gaza crisis

Cyprus fully supports the joint effort by the United States, Egypt and Qatar to get both sides of the war in Gaza to meet next week and resume talks on a ceasefire

10th August 2024

Cyprus/Middle East/World

CCLEI growth rate ‘stable’ in June

The year-over-year growth rate of a leading indicator used to predict the future direction of economic movements in Cyprus, remained stable in June, as a result of opposing trends within the economic

23rd July 2024

Cyprus/Economy