New Finance Minister Constantinos Petrides warned against complacency regarding the economy as he reaffirmed the government’s commitment to ensure its justice and local administration reform agenda is implemented. Presenting the 2020 state
Privatising the Cyprus Telecommunications Authority (Cyta) and continuing the government’s fiscal policy are top of the new Finance Minister Constantinos Petrides’ to do list. He told parliament during his first appearance as
Cyprus recorded annual deflation of 0.5% in November 2019, while for the first 11 months of the year inflation of 0.2% was recorded. The Consumer Price Index (CPI) increased in November by
The Finance Ministry has urgently requested that parliament to release €9 mln in reimbursements owed to martial arts film Jiu Jitsu, partly shot in Cyprus featuring Hollywood star Nicolas Cage. The Hollywood
Registered unemployed registered at District Labour Offices, based on data adjusted for seasonal fluctuations, reached November 2019, the lowest level since February 2010. According to official data, unemployed persons registered on the
Enlarged Hellenic Bank said its robustness is demonstrated by its nine-month financial results in posting €89.4 mln after-tax profits. Hellenic boasts being Cyprus’ leading retail bank with the largest branch network with
Total deposits and loans in the Cypriot banking system decreased in October, according to Central Bank of Cyprus data. Total loans in October 2019 decreased by €75 mln, compared with a net
Cyprus Central Bank governor Constantinos Herodotou has called on banks to draw up a Plan B on how to deal with thousands of defaulted borrowers who will not join the government subsidised
The island’s largest lender Bank of Cyprus posted after tax profits of €19 mln for Q3 2019 and €116 mln for the first nine months as it continues on the road to
Cyprus has the 7th most expensive electricity market in the EU charging 0.2203 euro per kWh (0.172 excluding taxes and levies) and registered the third largest hike in prices over a year-long
