Cyprus’ annual financial net worth stands at -€26.622 billion, according to Statistical Service data. It said the total assets of the economy in financial instruments was €686.92 billion at the end of
The government will further support the growth of the financial services sector by bolstering the regulatory framework, strengthening supervision, and ensuring effective enforcement, said President Nikos Christodoulides. He pledged on Wednesday evening at
Increasing construction costs, the limited supply of suitable units in residential or central areas, VAT, and the lack of title deeds have turned the market’s interest in acquiring older homes. In most
Cyprus has shown improvements in combating money laundering and terrorism financing but could do more, according to the evaluation by the Council of Europe’s monitoring body MONEYVAL. The anti-money laundering and counter-terrorist financing
Cyprus is heading into an uncertain 2023, but economists argue the economy can remain resilient, as it has proven in the past. In comments to the Financial Mirror, economist Marios Soupashis said
Cypriots strolled into 2022 hoping to see better days following two years of COVID restrictions; instead, they braved hiking inflation powered by the Ukraine war eating away at their purchasing power. Also,
The Cyprus Securities and Exchange Commission has launched its first online quiz for the public to evaluate how much they know about investments and test their knowledge of basic financial matters. The
Cypriots feel the pinch as they worry about how they will pay the bills with high inflation, soaring rents and surging electricity prices. Society is gripped by anxiety caused by an uncertain
We need to clarify from the very beginning that it was not really a collapse but a small-scale financial turmoil, most of which has passed, including the drama of the Bank of
The financial crisis that hit Cyprus in March 2013 affected the lives of most families in Cyprus, including mine. I was very young then, but I understood something was seriously wrong. Growing
