Retailers at Cyprus malls are delighted as visits and turnovers are close to those recorded in pre-coronavirus 2019, following two years of restrictions during the festive season. Missing out on last year’s
Cyprus Central Bank does not believe the emergence of Omicron will be enough to derail the country from its economic recovery in the medium term. The Central Bank said Friday that uncertainty
Moody’s has deemed the latest Bank of Cyprus transaction to offload nonperforming loans and a property portfolio worth €700 mln as credit positive for the group’s balance sheet. It said the transaction,
The high 5.3% GDP growth in Q3 2021 confirms the strength of the Cypriot economy, reinforcing expectations for a positive outlook in Q4, the Finance Ministry said. According to preliminary estimates of
Cyprus will boast a stronger than expected recovery of 5.5% GDP growth this year following the coronavirus pandemic, according to European Commission forecasts. The Finance Ministry noted the strong recovery recorded in
Consumer associations are concerned over spiralling prices this Christmas making the festive table and gift-giving more expensive. In comments to the Financial Mirror, the Cyprus Consumer Association chair, Marios Drousiotis, said prices
Vehicle registrations declined 6% in the first ten months of 2021, but bikes and mopeds recorded significant increases, data released by the Cyprus Statistical Service (CyStat) show. In October alone, the total
The decisions made by the European Central Bank (ECB) in the early stages of the Covid-19 pandemic are considered a milestone for the European financial market. The decisions were diffused by unprecedented
In Cyprus, private debt (households and non-financial corporations) declined to €56 bln in Q2 2021, marking a reduction of €500 mln from the previous quarter, according to financial data from the central
Real GDP growth is projected at 5.4% in 2021 and 4.1% in 2022, upward revisions mainly driven by the strengthening recovery during the second quarter of this year, according to the University
