Marking “the most serious recession since the Turkish invasion in 1974”, according to Cyprus’ Finance Minister Harris Georgiades, the crisis created a troubling climate for businesses. GDP dropped 5.4 …
Cycling Excellence Takes Center Stage at the Cyprus Cycling Federation Awards 2024
The Cyprus Cycling Federation hosted its prestigious annual awards ceremony last February 7, 2025, celebrating the achievements of the nation’s top cyclists, clubs, and schools. The Cyprus Cycling …
Bank of Cyprus full-year net profit rises 4%
Feb 18 (Reuters) – Bank of Cyprus (BOCH.CY), opens new tab reported a 4% increase in full-year net profit on Tuesday and said it would propose the distribution of 211 million euros ($220.81 …
Micro-wineries in Cyprus hope to give the world’s oldest named wine a comeback
NICOSIA, Cyprus (AP) — Praised by the ancient Greek giants Homer and Euripides for its superb quality nearly 3,000 years ago, Cyprus’ Commandaria is the world’s oldest recorded and named wine. Despite …
Cyprus property market on brink of “golden” era?
The Cyprus property market remains resilient and poised for a “golden era,” according to industry experts at a recent conference in Nicosia.
Cyprus steps up financial literacy efforts during Global Money Week
The Cyprus Financial Literacy and Education Committee (CyFLEC) on Thursday announced that it is intensifying its efforts to promote financial literacy among young people and the broader society as …
Larnaca and Limassol fuel 7 per cent rise in Cyprus property sales in February
Cyprus’ real estate market continued its robust growth into February, with property sales increasing by 7 per cent year-on-year. Developments in Limassol and Larnaca were the primary driver behind …
Housing Finance Corporation to sell €57m in non-performing loans
The Cyprus Housing Finance Corporation (HFC) is set to proceed with the sale of non-performing loans (NPLs) worth €57 million from its total portfolio of €270 million, according to statements made …
Is Cyprus a Good Place to Retire? Real Estate & Cost of Living
Cyprus has long been a popular destination for retirees seeking a warm climate, affordable living, and a relaxed Mediterranean lifestyle. The island’s appeal extends beyond its natural beauty—low …
Cyprus non-performing loans stable at €1.61 billion in November
Non-performing loans (NPLs) in the Cyprus banking system remained stable in November 2024, standing at €1.61 billion, according to data released by the Central Bank of Cyprus (CBC) on Thursday.The …