https://knews.kathimerini.com.cy/en/news/cyprus-eyes-market-return-with-ten-year-bond
Cyprus is gearing up to re-enter the financial markets in the near future to capitalize on the recent positive momentum bolstering its economy....
https://knews.kathimerini.com.cy/en/business/cyprus-faces-market-uncertainties-as-exit-plans-delayed-again
According to report by Panayiotis Rougalas in today's Oikonomiki, Cyprus faces a challenging time as it navigates plans to exit the financial markets. ...
https://knews.kathimerini.com.cy/en/business/fitch-upgrades-cyprus-to-bbb
Fitch Ratings has upgraded Cyprus' Long-Term Foreign Currency Issuer Default Rating from 'BBB' to 'BBB+' with a positive outlook....
https://knews.kathimerini.com.cy/en/news/cyprus-inflation-could-offset-ecb-rate-cut-benefits
The European Central Bank (ECB) cut its three key interest rates by 25 basis points on Thursday, marking the first reduction after nearly two years of increases or stasis. ...
https://knews.kathimerini.com.cy/en/news/police-execute-173-warrants-collect-€109-300
In a recent operation led by the Warrant Execution Unit of the Nicosia Police Directorate on Tuesday, June 4th, 2024, a significant total of 173 fine warrants were executed, resulting in the collection of more than €109,300....
https://knews.kathimerini.com.cy/en/news/cyprus-wins-imf-praise-for-strong-recovery
The International Monetary Fund (IMF) has praised Cyprus for its robust economic recovery and fiscal discipline, recommending continued efforts......
https://knews.kathimerini.com.cy/en/news/government-moves-to-license-casino-at-controversial-airport
The ''government'' in the Turkish-occupied northern part of Cyprus is reportedly moving forward with plans to grant a ''license to operate'' a casino within the controversial Tympou airport, according to the local newspaper Avroupa....
https://knews.kathimerini.com.cy/en/news/cyprus-among-top-3-in-eurozone-growth-for-2024
Cyprus stands out as one of the top performers in the Eurozone, boasting a robust growth rate for the year 2024, as announced by government spokesperson Constantinos Letympiotis today....
https://knews.kathimerini.com.cy/en/news/banking-sector-s-pledge-to-environmental-transition
Eliza has been the Executive Director of Finance since October 2019 and since October 2021 she has been an Executive Member of the Bank of Cyprus Board of Directors....
https://knews.kathimerini.com.cy/en/news/ecb-maintains-€6-76-billion-worth-of-cypriot-government-bonds
The value of Cypriot government bonds held by the European Central Bank remained steady at €6.76 billion by the end of April. This is part of the ECB's efforts to scale back its holdings and control inflation....
https://knews.kathimerini.com.cy/en/news/new-investment-frontier-opens-for-citizens
Citizens now have access to and can invest in bonds issued by the Republic of Cyprus. In a recent auction by the Public Debt Management Office......
https://knews.kathimerini.com.cy/en/news/cyprus-public-debt-declines-economic-outlook-brightens
According to a report by Panayiotis Rougalas, Cyprus is seeing a promising reduction in its public debt, with figures suggesting a return to 2019 levels....
https://knews.kathimerini.com.cy/en/news/president-christodoulides-hails-financial-progress-with-new-cbc-governor
The appointment ceremony for the new governor of the Central Bank of Cyprus, Mr. Christodoulos Patsalides, occurred this morning at the Presidential Palace, with the President of the Republic, Mr. Nikos Christodoulides, in attendance....
https://knews.kathimerini.com.cy/en/news/cyprus-economy-holds-steady-amid-challenges
Canadian credit rating agency DBRS Ratings GmbH (Morningstar DBRS) has affirmed the Republic of Cyprus's long-term ratings, maintaining it at BBB (high) with a stable economic outlook. ...
https://knews.kathimerini.com.cy/en/news/europe-s-ambitious-plan-to-reignite-economic-engines
As Europe endeavours to uphold its competitiveness amidst economic rivals, its politicians believe they hold a concealed asset: the savings of its citizens, which remain unused and dormant....
https://knews.kathimerini.com.cy/en/news/cyprus-economic-resilience-earns-high-credit-rating-confirmation
International rating agency Morningstar DBRS has confirmed Cyprus’ BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks.
...
https://knews.kathimerini.com.cy/en/news/european-commission-flags-trade-risks-for-cyprus-economy
The Cypriot economy is on a sound footing due to solid economic growth and declining inflation, but its high integration with EU and non-EU economies make geopolitical and trade tensions......
https://knews.kathimerini.com.cy/en/business/cyprus-embraces-global-investment-with-its-bond-market-debut
In April 2024, the Republic of Cyprus is gearing up to enter the international bond markets, intending to issue a Euro Medium Term Note (EMTN) bond worth 1 billion euros....
https://knews.kathimerini.com.cy/en/business/kedipes-successfully-sells-€58-4m-portfolio-to-reduce-debt
The Cyprus Asset Management Company (KEDIPES) announced Thursday the successful completion of a sale of performing and restructured loan portfolios to Bank of Cyprus Public Company Limited, with a combined gross book value of €58.4 million as of December 31, 2022....
https://knews.kathimerini.com.cy/en/news/cyprus-sees-an-18-2-rise-in-crime-cases-in-2022
The number of true crime cases reported to the Police rose by 18.2% in Cyprus in 2022, with the Crime Index expressed in 100,000 inhabitants rising to 584 from 501 in 2021 and 482 the year before.
...
https://knews.kathimerini.com.cy/en/news/cyprus-government-achieves-significant-debt-reduction-in-2023
The Cyprus government reported that the island nation ended 2023 with a debt of €22.4 billion, constituting around 99% of the Republic of Cyprus' total debt. This marks a notable reduction of €689 million or 3% from the corresponding period in the previous year....
https://knews.kathimerini.com.cy/en/news/eu-unveils-stricter-fiscal-rules-for-member-states
The European Commission has introduced new fiscal rules aimed at promoting growth and financial discipline among member states. The framework, ...
https://knews.kathimerini.com.cy/en/news/cyprus-development-expenditure-2023-surpasses-€1b
The realization of state budget development expenditure in 2023 reached 72% compared to 70% in 2022 and the average of 69% over the last decade, according to a Treasury report released on Wednesday....
https://knews.kathimerini.com.cy/en/news/dr-anastasatos-forecasts-bright-future-for-cyprus-economy-in-candid-interview
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....
https://knews.kathimerini.com.cy/en/news/cyprus-unveils-new-e-consultation-platform-for-public-feedback
The Council of Ministers approved Thursday the establishment of a public consultation platform, known as e-consultation, Minister of Finance Makis Keravnos said after the Cabinet meeting....
https://knews.kathimerini.com.cy/en/news/greece-named-economist-country-of-the-year-2023
The Economist magazine has declared Greece the country of the year for 2023, with Prime Minister Kyriakos Mitsotakis, in a post, referring to the "recognition of the efforts of the Greek people."...
https://knews.kathimerini.com.cy/en/news/fifa-imposes-transfer-embargo-on-11-cypriot-clubs-over-outstanding-debts
In an anticipated move, FIFA has enforced a transfer embargo on 11 Cypriot football clubs due to lingering debts. The repercussions highlight a recurrent pattern where managements,...
https://knews.kathimerini.com.cy/en/news/government-seeks-€1b-via-emnt-bond-in-2024
Cyprus’ financing needs for 2024 amount to €1.3 billion, largely to be covered by the issuance of a €1 billion EMNT bond, the Finance Ministry’s Public Debt Management Office (PDMO) has said.
...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-returns-to-london-for-investment-talks
Just two months after its last visit to the heart of investment interest, the Bank of Cyprus is making waves again in London....
https://knews.kathimerini.com.cy/en/business/cyprus-gets-bbb-boost-in-latest-ratings-but-challenges-persist
The German Scope Ratings have given a positive sign for Cyprus by upgrading the country to BBB+ last Friday from the previous BBB while keeping the outlook of the economy stable. ...
