This has resulted in the creation of Cyprus’ third-largest bank, with total assets exceeding €6.6 billion. The transaction was carried out through Alpha Bank Cyprus Ltd and other Alpha Bank Group …
Alpha Bank completes AstroBank deal, forming Cyprus’ third-largest lender
Alpha Bank on Monday announced that it has completed the acquisition of substantially all assets and liabilities of AstroBank Public Company Ltd. This has resulted in the creation of Cyprus’ …
Cyprus household and corporate debt ratios continue to fall
The Central Bank of Cyprus (CBC) announced on Friday that Cyprus’ household and corporate debt levels continued to decline in the second quarter of 2025, as both sectors benefited from higher economic …
Cyprus household and corporate debt ratios continue to fall
The Central Bank of Cyprus (CBC) announced on Friday that Cyprus’ household and corporate debt levels continued to decline in the second quarter of 2025, as both sectors benefited from higher economic …
Cyprus to rely entirely on desalinated water
The government plans to cover Cyprus’ entire drinking water supply with desalinated water, Agriculture Minister Maria Panayiotou said on Friday.Addressing the House finance committee with her ministry …
Cyprus Business Now: tourism, CySEC, unemployment, property, Cyta
Revenue from tourism in Cyprus reached €581.8 million in August 2025, according to figures released by the Cyprus Statistical Service of Cyprus (Cystat) on Thursday.This marks a 13.8 per cent increase …
Cyprus apartment prices hit all time high
Discover the reasons behind the surge in apartment prices in Cyprus, reaching an all-time high in Q2 2025 according to the Central Bank data.
Israeli man’s sentence over illegal development in Cyprus’ breakaway north sends a stark warning
A court in Cyprus on Friday sentenced an Israeli businessman to five years for developing and selling luxury apartment complexes in the breakaway northern part of the divided island without permission …
Nationalities of foreign buyers driving Cyprus property market
Foreign buyers acquired 1,669 properties in Cyprus over the past year, with strong demand from British, Russian and Israeli nationals.
Cyprus deposits surge in September as loan growth accelerates
Deposits in Cypriot banks rose sharply in September, while lending also strengthened, reflecting resilient liquidity and stable credit demand, according to the Central Bank of Cyprus (CBC). In its …