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The first investments from the Cyprus Equity Fund, established by the Cypriot government in collaboration with the European Investment Fund (EIF), are expected to commence in the autumn, it emerged on Thursday.
The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced important updates related to its anti-money laundering (AML) exams for certified persons.
Despite numerous challenges, the Cyprus real estate market has shown resilience in the first half of 2024, with a notable increase in activity, according to the Cyprus Real Estate Agents Registration Council.
Cyprus ranks fifth among EU countries in the progress achieved regarding research and innovation, Theodoros Loukaidis, Director General of the Res ...
The unemployment rate in Cyprus fell to 10.8% in June from 11% the month before and remains the fourth highest both in the euro area and the EU, the European Commission’s statistical office said.
Revenue from tourism rose in May 2017 an annual 19% to €291.5m against a 15% annual increase in arrivals, the statistical service said.
There appears to be increasing interest for Cyprus alternative investments in 2017.
As Cyprus’ recovery continues from the 2013 financial collapse, banks share prices on the Nicosia stock exchange have shown strong signs of stability during the summer.
Moody’s Investors Service recently upgraded Cyprus’ credit rating a notch from B1 to Ba3 which is still three grades into the speculative area, citing the economy’s resilience and a fiscal overperformance.
The Bank of Cyprus must include the sale of non-performing loans (NPLs) in its toolkit if it is to achieve its ambitious target to halve their ratio to 20% by 2019 says Moody’s Rating Agency.
Economic sentiment in Cyprus deteriorated marginally in July, the Economic Research Centre (ERC) of the University of Cyprus has said.
The Central Bank of Cyprus said overall deposits dropped by €432.9m in a month in June 2017, to €48.5bn, as total loans also dropped €43.4m, to €54.3bn.
Cyprus` public debt in the second quarter of 2017 amounted to €19.35 billion, the Cyprus Public Debt Management Office (PDMO) said recently.
The first bank in Cyprus to do so, Eurobank Cyprus has announced the launch of UCITS ERB Funds VCIC PLC, strengthening its leading position in the Mutual Funds industry in Cyprus.
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