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31. Q1 2023 sales reach €1.7 billion despite challenges

During the first quarter of 2023, the total value of properties sold was €1.7 billion. Despite facing numerous challenges that are starting to impact the real estate market, it has shown resilience...

32. Deutsche Bank to slash 800 jobs as part of new cost-cutting initiative

Deutsche Bank to cut 800 jobs in a new cost-saving drive after reporting a bigger-than-expected rise in profit for the first quarter, a volatile period globally for finance companies....

33. Home prices remain high despite recent dip

House Price Index decreased by 4% in the fourth quarter of 2022 and amounted to 108.03 units, compared to the third quarter, when it was at 112.51, according to a preliminary estimate of the Statistical Service, published on Tuesday....

34. Pseudo-state increases vehicle insurance rates

The pseudo-state in the occupied territories has decided to raise vehicle insurance fees for Greek Cypriots and foreign visitors passing through the free areas....

35. Cyprus GDP and employment up according to Eurostat

Both GDP and employment increased during the 4th quarter of 2022 compared to the previous quarter in Cyprus, while in the eurozone GDP remained stable and employment increased and in the EU GDP fell and employment increased, according to estimates released by Eurostat, the statistical service of the EU....

36. Bank of Cyprus: 71 million in profits in 2022

Bank of Cyprus' profit for 2022 was 71 million euros, up from 30 million euros in 2021....

37. Apartment prices continued its upward momentum in Q4 2022

Apartments continued to drive the rising real estate prices in the fourth quarter of 2022, data published by the Aks WiRE Index show....

38. CBC: Household debt at 77% of GDP

The household debt ratio stood at 77% of the Gross Domestic Product (GDP) at the end of September 2022, marking a slight decrease compared to the previous quarter, due to the increase in GDP, according to data published by the Central Bank of Cyprus on its website on Tuesday, in the "Quarterly Financial Accounts" edition, for the reporting quarter ending September 2022. ...

39. Home prices increased 5.3% in 3rd quarter of 2022

The House Price Index for the third quarter of 2022 registered an annual increase of 5.3% to 112.51 points, according to a preliminary estimate published by the Statistics Office on Tuesday....

40. Insurance premiums expected to rise slightly

Inflation-related losses are also occurring for general insurance policies. Cyprus' insurance policies will specifically follow the broad pattern of other nations and other international insurance companies,...

41. The expansion of the digital economy and the upcoming exchange of information and tax transparency regimes

The exchange of information has been widely considered as a one of the most effective measures in tackling tax evasion and protecting the integrity of tax systems. ...

42. Ask WiRE Index: Apartments lead the way in sale and rent price hikes in Q2

Ask WiRE, a company combining real estate know-how with technology has published its Q2 2022 edition of the Ask WiRE Index for property sale and rental values. The Ask WiRE Index covers all districts and main property types, with values from Q4 2009....

43. CBC: Noticeable decrease in household and business debt

Business and household debt in Cyprus reached €56.2 billion in the first quarter of 2022, according to data from the Central Bank of Cyprus....

44. Bank of Cyprus posts net profit of €21 million in Q1

Bank of Cyprus group announced on Thursday a net profit of €21 million for the first quarter of 2022, compared to net profit of €8 million in the first quarter of 2021....

45. EY: Liquidity-fueled IPO markets break records in Q1 2021

46. FinMin: Cyprus to reduce debt once pandemic normalises

Cyprus Minister of Finance Constantinos Petrides told the Cyprus News Agency that the government will begin reducing public debt, increased due to strategic cash reserves, once the pandemic begins to normalise....

47. Astra offers small concession, EU pleads for UK-made shots amid vaccine row

AstraZeneca has offered to bring forward some deliveries of its Covid-19 vaccine to the European Union while the bloc has asked the British drugmaker if it can divert doses from the UK to make up for a shortfall in supplies, European officials told Reuters....

48. Global IPO activity rebounds sharply

Q3 2020 bucked the traditionally slow IPO period as travel slowed, work from home and the markets were awash in liquidity resulting in the most active third quarter in the last 20 years by proceeds, and the second highest third quarter by deal numbers...

49. Support for solution widespread though many undecided, survey shows

Support for a solution remains strong, contact between Greek Cypriots and Turkish Cypriots is at its uppermost level and demand for economic contact between the two communities is high, the latest, the February 2020 Pulse survey showed....

50. Investment fund assets under management rise to €6.7 billion

51. Germania airline files for bankruptcy, halts flights

52. Bad loans in Cyprus decline by €3.28 billion since March 2018

53. Car registrations pick up this year

Registrations of motor vehicles showed increase in the first seven months of 2018, just as lawmakers get ready to pass a new bill...

54. Annual insurance cost climbs for saloon cars crossing north

Saloon car owners in the south who buy annual car insurance to drive north will have to pay a higher price starting Tuesday, following a decision by Turkish Cypriot officials...

55. Cyprus registers biggest dip in unemployment in EU

Cyprus recorded the EU's largest annual dip in unemployment in March, from 12.3% to 9.1% followed by Greece (23.2% to 20.6%, Croatia (11.8% to 9.4%) and Portugal (9.7% to 7.4%), according to Eurostat...

56. Netflix programming binge pays off with subscriber surge

Netflix says it will spend up to $8 billion on global TV shows and movies in 2018...

57. House prices in Cyprus increased 2.7% on a quarterly basis

Compared with the previous quarter, the highest increases were recorded in Slovenia (+3.7%), Croatia (+3.2%) and Cyprus (+2.7%)...