Soaring demand for real estate

The Cyprus real estate market recorded an upswing during the first quarter of 2023, with prices continuing to rise, particularly for flats, driven by increased demand. According to data published Tuesday by

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Private debt at €218% of GDP

Private debt in Cyprus (households and non-financial corporations) was 218% of GDP in the first quarter of 2023, with debt in absolute numbers totalling €60.1 bln, the Central Bank of Cyprus (CBC)

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May tourism revenue jumps 40.7%

A substantial annual increase of over 40% was recorded in tourism revenue for May as holiday arrivals climbed. According to the official data, tourism revenue in May – when 420,000 tourists arrived

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British Bases takes fight to bird trappers

With one month to go until the illegal bird trapping season begins, British Bases Police said more investment in detection technology is on its way to reduce the number of Ambelopulia snared

President visits Amman, then Palestine

President Nikos Christodoulides is in Amman Tuesday to hold talks with King Abdullah II of Jordan before travelling to Palestine. Bilateral cooperation, the Cyprus issue, migration, and firefighting will be on the agenda. President

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Cyprus, Greece show united front

President Nikos Christodoulides and Greek Prime Minister Kyriakos Mitsotakis dismissed Monday any suggestion that Nicosia and Athens are split over the Cyprus issue. Following a tete-a-tete at the Presidential Palace during the

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Bank of Cyprus improves EU stress test

The Bank of Cyprus announced the successful completion of the EU-wide stress test for 2023 with improved results. According to the bank, the results show the Group’s “resilience under adverse conditions and

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