The drastic changes in the Cyprus banking sector hinge on four key events during the past nine years, which should have taught the authorities and consumers alike a lesson or two. After
The Cyprus real estate and construction sectors are moving past the demise of the scrapped Citizenship for Investment Programme, turning their attention to the capital and the once neglected coastal town of
The end of 2021 was met by the Cypriot real estate sector with no major changes. The lower-end housing directed towards locals in the region of EUR 300,000-500,000 had good demand and
Clearly, the transformation of RCB into an asset management company was warranted by sanctions against Russia and Russian interests following Putin’s invasion of Ukraine. Initially, the bank tried to evade these sanctions
Cyprus reported three coronavirus deaths on Friday, fewer daily cases at 3,329, a steady number of hospitalisations and a significant drop in the testing programme, propelling the infection rate to an unprecedented
Eurobank Cyprus recorded yet another year of growth with its 2021 profits rising to €52.3 mln, up €12.2 mln from the year before, reducing its non-performing loans further and mostly unaffected by
In the last quarter of 2021, the average hourly labour cost in Cyprus was estimated to have edged up by 1.6%, compared with the same quarter of the previous year, according to
Cyprus reported no coronavirus deaths on Thursday, the fourth time this month, as new cases rose again to 5,186, the third highest daily count ever, keeping the infection rate at a near
The cost of building materials in Cyprus continues to skyrocket, making it harder for the real estate and construction sectors to recover after the scrapping of the ‘golden passports’ scheme, having suffered
Rising prices of raw materials in Cyprus are largely to blame for a growing trade deficit, wider by almost €349 mln in 2021 from 2020, reaching €5.24 bln. Despite a greater rate
