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
Ramez Naam: Solar power is getting cheaper, and Cyprus is sitting on a goldmine With electricity prices the highest in Europe, Ramez Naam says solar could help lift households out of energy stress. Shemaine Bushnell Kyriakides 19/05/2025 | BUSINESS
America wants Greece’s ports, and China out Washington turns up the heat on Athens to push China out of Piraeus and stake a claim in Europe’s next big trade corridor. ... Newsroom 19/05/2025 | BUSINESS
New U.S. bill eyes Cyprus as key player in countering China’s Belt and Road Eastern Mediterranean Gateway Act pushes for deeper U.S. ties with Cyprus, advancing regional infrastructure plans and countering ... Newsroom 17/05/2025 | BUSINESS
Freedom Holding Corp. Reaches $10 Billion Valuation on Record Share Price Press Release 16/05/2025 | BUSINESS
€14 million in unpaid VAT? Gone. A company in Cyprus linked to Russian billionaire Roman Abramovich? Also gone. Newsroom 15/05/2025 | BUSINESS
Indian giants Thomas Cook and LTIMindtree launch operations in Cyprus Tourism, innovation, and AI at the core as Cyprus strengthens business ties with India and opens a gateway to Europe Dorita Yiannakou 15/05/2025 | BUSINESS
Banks, KEDIPES, and Government disagree over proposed law to help trapped property buyers Proposed bill aims to unlock thousands of property titles stalled by legal and development issues. Newsroom 14/05/2025 | BUSINESS
Cyprus borrowers are back as loan demand soars in 2025 Record-breaking lending from Bank of Cyprus and Hellenic Bank signals renewed confidence as falling interest rates spark ... Newsroom 14/05/2025 | BUSINESS
UCy student dorms at Berengaria site moving full speed ahead The 500-room project in Kato Polemidia aims to ease housing pressure as demand from students continues to grow Newsroom 14/05/2025 | BUSINESS
