Annually, average Cyprus real estate prices increased by 9.9% for apartments, 1.0% for houses, and 0.3% for offices, according to the Q4 2022 Ask WiRE property index. Sales prices also increased by 4.7% for holiday apartments and 0.9% for holiday homes but decreased by 1.4% for retail and 3.7% for warehouses. Nicosia stood out from
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Non-performing loans in the Cyprus banking system remained unchanged in November, with the NPL rate to total loans at 10.5%, according to the central bank. According to the latest data, total NPLs in November amounted to €2.68 bln from €2.7 bln in the previous month. Total accumulated provisions for NPLs in November reached 47.4% compared
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By Lukman Otunuga, Senior Research Analyst at FXTM Asian markets stabilised somewhat on Tuesday morning following the broadly negative cues from Wall Street overnight, as concerns over higher US interest rates left investors on edge. US and European futures seem to be pointing to a positive open despite the overall caution, with all attention directed
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Cyprus and Japan are constantly enhancing their bilateral cooperation, especially in the shipping sector, and a Cypriot Shipping Bureau will operate during the coming months in Tokyo. This was revealed during a meeting between the Deputy Minister of Shipping, Vassilis Demetriades, and the new Ambassador of Japan, Yoshio Yamawaki. Demetriades welcomed the Ambassador, expressing his satisfaction
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By Craig Erlam Equity markets were off to a difficult start on Monday, no doubt weighed down by the prospect of more rate hikes and tension between the world’s two largest economies. While there were some promising aspects of Friday’s jobs report – cooling wage growth and higher participation – it’s impossible to ignore the
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A Cyprus Institute (CyI) project researching the impact of climate change on insect-borne diseases has received a €500,000 grant from the Wellcome Trust, the first of its kind in direct funding to a Cypriot institution. The project, “VEClim”, is led by Dr Kamil Erguler of CyI’s Climate and Atmosphere Research Center (CARE-C) and focuses on
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Cyprus said it was ready to help the rescue mission in Turkey and Syria after deadly earthquakes hit the region, while the island also felt the second shockwave later Monday. In a statement, the Foreign Ministry expressed its “deep sadness” for the hundreds of victims of the earthquakes in Syria and Turkey. Furthermore, it declared
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After a significant slowdown in December, the last month of one of the hardest years for the entire crypto industry, the global crypto trading volume spiked in January, with all major cryptocurrencies seeing double and triple-digit growth month-over-month. Tether, Bitcoin and Binance USD remained the three most traded digital coins in the crypto space, according
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Police are investigating a murder case after a 21-year-old Syrian died after being shot in the capital Nicosia, officials said. The victim was named Alsweidani Ahmad, but police have yet to make arrests or ascertain the motive for the killing. At around 9:40 pm Sunday, information was received by the police about shots being fired
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Cyprus and the US are conducting a joint military exercise on the island codenamed ‘Silver Falcon 23’ until 24 February. The exercise is held in cooperation with the US European Command (USEUCOM), and the National Guard, the Foreign Ministry said Monday. “Silver Falcon 23 takes place in the framework of the excellent bilateral relations between
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