The inflation rate in Cyprus is declining but still high [at 6.7% in February]. Interest rates are low, 1.29% for household deposits and 1.27% for business deposits. In addition, there are no
The Cyprus Economy and Competitiveness Council (Ecompet) outlined medium-term and long-term proposals to tackle inflation via innovation investment. The Council said that due to the seriousness of inflation, it established a committee
The European Insurance and Occupational Pensions Authority (EIOPA) has released a discussion paper on proactively managing sustainability risks, focusing on the real estate sector. The paper highlights the crucial role that real
Foreign investors have not lost their appetite for Cypriot properties, nor are they discouraged by a rise in interest rates, as sales doubled in the third quarter of 2022, compared to last
Alternative Investment Funds have consistently been selected as asset managers’ and investors’ preferred vehicle for investments. In the eyes of many, alternative investment funds have developed to represent the evolutionary immediate of
The International Investment Funds Association (IIFA) will host its 36th annual conference in Cyprus next year, a decision heralded as a vote of confidence in the local sector. A statement by the
The Cabinet decided to strip citizenship from another 10 individuals, among thousands who benefited from a cash-for-passports scheme which collapsed under accusations of corruption in 2020. Cyprus gave passports to more than
International creditors have urged authorities to build on the strong prospects of the General Healthcare System by stepping up investments in the health sector and getting in foreign investors. The Troika was
The partners in exploiting Cyprus’ Aphrodite gas field have approved a $192 million investment to begin drilling and cover other development costs for the offshore project, Israeli firm NewMed Energy said. Most
Cyprus has welcomed the 50-place jump on the Greenfield FDI Performance Index, which measures countries’ foreign direct investment attractiveness. It is ranked 18, going up by 50 places compared to 2020 in
