ECONOMY Corporate debt remains high with lower investment activity across non-financial sectors. Photo credit: Unsplash Cyprus reports €29.3 billion negative net financial position, household income climbs in 2024 Newsroom Cyprus closed 2024 with a negative net financial position of €29.27 billion, according to new data detailing macroeconomic indicators by institutional sector. READ MORE
Thousands see cheaper monthly payments as BOC lowers loan rates Interest rate drop means real relief for borrowers as ECB cuts begin to kick in. Newsroom 06/06/2025 | BUSINESS
Alpha Bank sets sights on Cyprus insurer Altius in expansion push Deal would deepen Alpha’s presence in Cyprus and mark a return to insurance, nearly a decade after exiting the sector. Newsroom 05/06/2025 | BUSINESS
Lidl Cyprus takes responsibility for the environment On the occasion of World Environment Day, Lidl Cyprus reaffirms its commitment to environmental protection by presenting ... Press Release 05/06/2025 | BUSINESS
Good news for borrowers as ECB to cut interest rates Lower rates to ease loan costs for households and businesses, boost lending activity in Cyprus. Newsroom 05/06/2025 | BUSINESS
Green light for six-story apartment block in former refinery zone New residential project brings fresh life to Chrysopolitissa with 11 modern flats, underground parking, and landscaped communal ... Newsroom 05/06/2025 | BUSINESS
Cyprus exits EU’s macroeconomic imbalance list as Brussels urges reforms in innovation, energy, and education EU applauds Cyprus’s economic progress but calls for urgent action on structural reforms and sustainability challenges. Newsroom 04/06/2025 | BUSINESS
Unemployment drops 9.6% in May compared to last year 781 fewer registered jobless than in May 2024. Newsroom 04/06/2025 | BUSINESS
Porsche hits the brakes on Taycan EV sales over fire risk Luxury EV owners told to cap charging at 80% as Porsche races to roll out safety software update. Newsroom 03/06/2025 | BUSINESS
Cyprus Airways links up with Air India to turbocharge summer travel New partnership unlocks seamless flights between Europe and India, just in time for your next getaway Newsroom 03/06/2025 | BUSINESS
