Central Bank of Cyprus Archives

New housing loans drop by a third

Demand for housing loans dropped by almost 40% in the first quarter of the year, as Cypriot households are put off by rising interest rates, according to the Central Bank of Cyprus.

10th May 2023

Cyprus/Property

Ship management revenue recovering

Revenue from Cyprus’ ship management industry continued its upward trend in the second half of 2022, reaching €648 mln, up by 25.6% year on year. Throughout 2022, revenue from ship management amounted to

28th April 2023

Cyprus/Economy/Maritime

Central Bank expects 2.6% growth in 2023

The Central Bank of Cyprus (CBC) has marginally pushed up its projections for GDP growth this year citing the slightly improved prospects in the external economic environment and the anticipated lower energy

24th March 2023

Cyprus/Economy

Cyprus banking sector ‘safe’

The Cyprus banking system won’t be feeling any aftershocks from the collapse of major banks in the United States and the trouble faced by European banking giant Credit Suisse, assured the island’s

21st March 2023

Cyprus

Banks prepping to push up deposit interest rates

As the European Central Bank decides to push up interest rates by another 50 basis point Cypriot banks are prepping to push up interest rates on deposits, acknowledging the increase in interest

20th March 2023

Cyprus/Economy

ECB chief confident Cyprus will ‘bounce back’

The President of the European Central Bank (ECB) Christine Lagarde, during her visit to the island on Wednesday, appeared confident that Cyprus would recover from the setbacks of the coronavirus pandemic and

30th March 2022

Cyprus/Economy

Crisis and opportunity

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

26th March 2022

Comment/Cyprus/Editorial

Central bank warns rising costs could derail house prices

The Central Bank of Cyprus has expressed its concern over the soaring price of building materials, sending the cost of construction to skyrocket to new highs and pushing property prices further up.

11th January 2022

Cyprus/Property

Building safer risk management barriers

Credit Suisse recent woes, followed by the collapse of Greensill Capital and Archegos Capital last month, reminded everyone of the value of risk management. But it did more than that. It brought

9th May 2021

Columnists/International

Home prices drop, boost from local demand and state schemes

Residential property prices dropped a marginal 0.2% in the fourth quarter of 2020, its second marginal consecutive quarterly reduction, with the government’s interest rate subsidy scheme offsetting the negative impact of the

29th April 2021

Cyprus/Property

Central Bank of Cyprus

New housing loans drop by a third

Ship management revenue recovering

Central Bank expects 2.6% growth in 2023

Cyprus banking sector ‘safe’

Banks prepping to push up deposit interest rates

ECB chief confident Cyprus will ‘bounce back’

Crisis and opportunity

Central bank warns rising costs could derail house prices

Building safer risk management barriers

Home prices drop, boost from local demand and state schemes

Tales from New York

Game over for Armenia?

Protaras, Ayia Napa tourist venues still struggling

Football chief faces conflict of interest charge

Cypriots less interested in the news

Cyprus Airways achieved 71% spike in August passengers

Nicosia urges EU to help Lebanon’s migrant crisis