Search

1. Traditional banks are funding more shadow loans

While lending increasingly grows in a demanding environment with geopolitical developments affecting the region and by extension Cyprus, the boundaries between traditional and shadow banking are becoming more and more blurred....

2. Cypriot banks see profits tumble in 2025

Cypriot banks saw their profits shrink in 2025 compared with the previous year, largely due to a smaller contribution from net interest income....

3. Moody’s Nick Hill on financial risks and opportunities for 2025

In an insightful conversation with Kathimerini's Panayiotis Rougalas, Nick Hill discusses the key macroeconomic risks and opportunities facing the region in 2025....

4. AstroBank's record-breaking year: €30.4M in profits for 2023

AstroBank reported Profit After Tax of €30.4 million for 2023, representing a return on equity (RoE) of 13.9%, compared with €12.2 million and RoE of 6.2% for 2022, achieving an increase on profit of 150%, mainly due to increased interest income....

5. Dr. Anastasatos forecasts bright future for Cyprus economy

Eurobank group's chief economist, Dr Tasos Anastasatos, expresses optimism about the Cyprus economy, emphasizing that the decision to expand the group's banking presence in Cyprus is linked to these positive economic prospects....

6. Islandwide rollout of 'pay as you throw' programme in 2022

The ‘pay as you throw’ programme is expected to be rolled out across Cyprus next year, President Nicos Anastasiades said Wednesday....

7. Coordination for green digital transition needed, Kokkinos says

Deputy Minister of Research, Innovation and Digital Policy, Kyriakos Kokkinos stressed the need to coordinate actions and investments at national and European level to achieve the EU's goals "for a sustainable, digital and green transition, empowering businesses with an emphasis on the SME and start-up ecosystem, and ensuring EU technological dominance", during his intervention at the informal teleconference of the Competitiveness Council for Research, under the Portuguese Presidency....

8. Cyprus energy designs unaffected by Turkey's provations, President says

Cyprus President Nicos Anastasiades said Tuesday that that the Republic, as a sovereign and independent state and despite Turkey’s provocations, threats and illegal activities, is determined to go ahead with the implementation of its energy policy....

9. Controversial plans for new quarry halted

A meeting held at the Environment Ministry on Thursday put an end to controversial plans to create a quarry zone in the Larnaca District, after civil society raised a ruckus over the thousands of trees that would need to be axed to make way for the quarry....

10. IMF warns of 'increasing headwinds to sustained growth'

11. IMF: The Cypriot economy continues its rapid recovery from the 2012–13 financial crisis

12. Cyprus recovery is being recognised by international agencies

Fitch does not currently anticipate developments with a high likelihood of leading to a downgrade...