ΝΕMESIS large-scale exercise in Cyprus EEZ

The annual multinational exercise NEMESIS 2022 was conducted in 9 blocks of Cyprus’ exclusive economic zone and included counter-terrorism scenarios on a gas platform. It also involved boarding operations on suspicious boats,

October price inflation at 8.8%

Inflation in Cyprus was recorded at 8.8% in October, up from 8.7% in September on the Consumer Price Index, lower than the estimated 10.7%-euro area inflation. It increased by 0.89 units and

New bank loans, mortgage rates rise

New loans approved by Cypriot banks rose by €217 million in September compared to August, driven upwards by corporate loans of over €1 mln, which rose by 127.6 mln. Furthermore, interest rates

Property sales spike 36%

Despite the energy crunch and cost of living crisis, the Cyprus real estate market is witnessing rapid growth amid economic uncertainty. For the first ten months to October 2022, property sales were

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