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1. Mortgage rates dip in Cyprus, but we're still paying more than the rest of Europe

Mortgage interest rates in Cyprus dipped slightly in February, offering some relief to prospective homeowners, but don't pop the champagne just yet. Despite the modest cuts, borrowing in Cyprus remains noticeably more expensive than in the rest of the Eurozone....

2. Cyprus woos Wall Street as bankers back presidential pitch in the U.S.

Cypriot bankers have expressed their satisfaction with President Christodoulides' recent visit to the United States, where he promoted Cyprus as an attractive destination for investment. ...

3. EU strikes back at Trump’s tariffs, opens door to China

The European Union is firing back at Washington’s trade aggression with its own round of tariffs, as Brussels prepares a united front in response to former President Donald Trump’s protectionist push....

4. From water woes to bank bets, here are the stories to follow

5. Cyprus surges ahead amid global economic headwinds

It’s hard to overstate the progress Cyprus has made in recent years. Once overshadowed by economic turmoil, the island has emerged as a standout in the Mediterranean, blending resilience with opportunity....

6. The best bank to ever come out of Cyprus?

The management of Hellenic Bank has set an ambitious goal for the new structure that will emerge in the coming months following its consolidation with Eurobank Cyprus....

7. Cyprus' economic growth faces challenges, lenders highlight key concerns

The Cypriot economy is showing strong signs of growth, with GDP expected to rise by over 3% and unemployment dropping below 5% in 2024. Private consumption continues to play a key role in driving this growth. ...

8. Consulco Welcomes Christoforos Kittenis as Director at London Credit

Consulco is proud to announce the addition of Christoforos Kittenis to the team as Director at London Credit, the UK-based lender of the Consulco Group....

9. Von der Leyen proposes €150 billion borrowing plan for rearmament amid growing security concerns

The European Commission has proposed a bold plan to borrow up to €150 billion to lend to EU governments as part of a major rearmament effort....

10. Cypriot firm to build solar park on former mining site

A Cypriot company with growing interests in the renewable energy sector is planning to transform the crater of the Lake of Mine in Polis Chrysochous into a cutting-edge photovoltaic park. ...

11. ECB cuts interest rates by 25 points as inflation eases

The European Central Bank (ECB) announced on Thursday a fresh interest rate cut, lowering its three key rates by 25 basis points in a bid to support the eurozone economy as inflation gradually eases....

12. 33East Unites Cyprus’ Startup Ecosystem for Official Fund Launch

33East, a Cyprus-focused venture capital firm, is officially launching its debut fund with an event bringing together founders, investors, and key ecosystem leaders who share the vision of transforming Cyprus into a hive for innovation and entrepreneurship....

13. IGC Business & Investment Council Launched in India

The India-Greece-Cyprus (IGC) Business & Investment Council was officially launched today at the Taj Mahal Palace in Mumbai, marking a significant milestone in strengthening the economic ties between the three nations. ...

14. EU warns of strong response to possible US tariffs

The European Union has expressed deep concern over potential US trade measures, cautioning that any tariffs imposed on European goods would trigger a firm response....

15. NASDAQ-listed Freedom24 is making its mark in Cyprus and beyond

When Timur Turlov, the CEO of Freedom Holding Corp., set his sights on Cyprus, he saw more than just a financial hub—he saw opportunity. In a market where fintech companies are staking their claims, ...

16. Christodoulides unveils ambitious plans in State of the Union address

President Nicos Christodoulides has outlined a sweeping reform plan for 2025, aiming to enhance governance, strengthen security, and accelerate digital transformation. ...

17. New €26 million fund to boost startups in Cyprus

33East, a venture capital firm based in Cyprus, has launched its first fund with an initial close of €26 million. ...

18. 2025: A new chapter for Cyprus’s property market

2024 was both literally and figuratively a leap year. Metaphorically speaking, we anticipated this shift a year ago as we reflected on 2023 and made our predictions for the year ahead....

19. EIB invests €200 million to modernize Cyprus’ roads

The European Investment Bank (EIB) is backing Cyprus with a major boost for road infrastructure. Vice President of the EIB, Kyriakos Kakouris, is in Cyprus to sign the first part of a €200 million loan agreement....

20. Is Dubai cracking down on drug lords and money launderers?

Dubai’s glitzy reputation as a playground for Europe’s most notorious drug lords and money launderers may finally be under threat....

21. Geopolitical turbulence presents a looming threat to 2025 economic growth

Speaking at the 20th Economist Conference in Nicosia, Nick Hill highlighted the macroeconomic and geopolitical challenges shaping the global financial environment....

22. Hellenic Bank CEO Michalis Louis on merger plans and Cyprus' future

According to Kathimerini's Panayiotis Rougalas, Michalis Louis, in his first interview since becoming CEO of Hellenic Bank, discussed the challenges and opportunities ahead, especially in the context of the bank’s merger plans and its strategies for growth....

23. Cybersecurity and ICT risks emerge as leading drivers of operational risk

Geopolitical tensions have significantly increased operational risks, particularly in the areas of cyber and digital threats, as well as risks related to money laundering and sanctions compliance....

24. Cyprus receives major credit rating boost from Moody’s

Last Friday, Moody’s delivered a major endorsement of Cyprus’ economic progress, upgrading its credit rating by two notches, from Baa2 to A3, with a stable outlook, according to a report by Panayiotis Rougalas. ...

25. Geoeconomic tensions and Cyprus: Staying the course amid challenges ahead

Geoeconomic fragmentation, the reversal of progress towards global economic and financial integration due to political and military conflict and strategic policy decisions, is rising....

26. EIB President Nadia Calviño to visit Cyprus for talks and office opening

Nadia Calviño, the President of the European Investment Bank (EIB), is set to make her first official visit to Cyprus on Friday, November 22, where she will open the new EIB Group office and hold talks with Cypriot leaders....

27. Bank workers union sets sights on big move in Bank of Cyprus

Last Thursday, the Cyprus Bank Employees' Association (CBA) announced it had sold its shares in Hellenic Bank to Eurobank, but already, reports suggest ETYK, the Cyprus banking employees’ union, is eyeing its next investment....

28. Frederick University to offer workshop on the CSRD and the impact of ESG on corporate risk and financing

Frederick University's Department of Business Administration and the Centre for Research in Entrepreneurship, Finance, and Strategy (CERFS) are organizing a workshop on the Corporate Sustainability Reporting Directive (CSRD) and the impact of ESG (Environmental, Social, and Governance) on corporate risk and financing which will be held on Wednesday, November 27th, from 16:00 to 19:00, at Frederick University in Nicosia (Seminar Room 1 - 1st floor - 7, Y. Frederickou str., Pallouriotissa)....

29. EU probes €101 million grant in Vasilikos project and Cyprus officials' role

The European Public Prosecutor's Office (EPPO) investigation into potential misconduct involving Cyprus's Vasilikos liquefied natural gas (LNG) terminal project, which received €101 million in EU funds, is advancing and is now in a critical phase, according to a report by APostolos Tomaras....

30. Cyprus faces 2024 deadline to align with EU regulations on foreign investments

Cyprus faces a deadline by the end of 2024 to align with the European regulation governing large foreign investments....