Eurobank Cyprus posted soaring profitability after tax for the first half of 2023, with net profits approaching full-year gains for 2022 due to rising interest rates. Eurobank Cyprus, a subsidiary of Greek Eurobank SA, said in a statement that profit after tax for the first half of 2023 was €90.8 mln, which increased by €53.6
More
The State Health Services Organisation (OKYPY) is entering a new era by constructing a photovoltaic park at Nicosia General, the country’s largest hospital. It hopes to contribute to protecting the environment by using renewable energy sources in its infrastructure. On Wednesday, OKYPY said that in the context of implementing its environmental policy and the projects it had
More
Government spokesman Konstantinos Letymbiotis has heralded a Cyprus – Jordan initiative to set up a regional centre to combat wildfires, announced during President Nikos Christodoulides’ visit to Amman. Letympiotis said the talks between Christodoulides and Jordan’s King Abdullah were constructive, noting that excellent relations between the two countries cover tourism, investments, defence cooperation, renewable energy
More
Aris Limassol added another five goals to their tally against BATE Borisov for an aggregate 11-5 victory as they progressed to the third round of the Champions League qualifiers. Aris defeated BATE Borisov 5-3 in the second leg of their Champions League qualifier on Tuesday evening in their debut appearance. The Cypriots held a 6-2
More
The Central Bank of Turkey removing the first-tier threshold of the security maintenance ratio requiring banks to hold a defined percentage of government securities as reserves against loans is welcomed by Moody’s. “We expect the move will allow banks to lend at more profitable interest rates, easing pressure on their core margins, a credit positive,”
More
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 the Central Bank of Cyprus (CBC), the Residential Property Price Index (RPPI) showed a significant acceleration compared to previous quarters. Indicators for property
More
The annual Perseids meteor shower is underway, and this impressive celestial phenomenon will peak on the weekend of August 12-13, followed by a spectacularly rare blue moon. According to astrophysicist Chrystanthos Fakas, in addition to the meteor shower, August will have two full moons, on August 1 and August 31, noting that when a month has two
More
Meta has shattered all expectations for its second quarter earnings, surpassing Wall Street projections by an impressive $1 billion, according to StockApps.com. The Facebook parent has once again proven its dominance in the digital landscape showcasing a capacity to leverage its extensive user base, innovative products, and advertising strategies effectively. Meta’s Q2 2023 financial report revealed
More
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) said. Household debt in end-March was €20.2 bln, representing 73% of Cyprus’ GDP, marking a marginal decline due to GDP expansion. Compared with
More
Four Royal Jordanian Air Force helicopters, which took part in extinguishing huge wildfires in Greece, were hosted in Cyprus. The island was used as a stopover for refuelling at the weekend, and a short rest for Jordan’s aircrews, a statement by the General Staff National Guard said on Tuesday. It said Jordanian crews had taken part
More
