Construction costs and increased demand from foreign and local buyers contributed to the acceleration in house price increases during the third quarter of 2022.According to the Central Bank of Cyprus...
Loan restructurings decelerated to €1,3 billion in 2022 after reaching their highest level in 2021 due to the Covid-19 pandemic.According to data published by the Central Bank of Cyprus, total...
06/02/2023
Interest rates in the Cypriot banking system continued rising in December in the context of the ECB’s monetary normalization policy to tackle high inflation.According to data published by the Central...
02/02/2023
Housing cost overburden was more prevalent in the cities of the European Union in 2021, according to data released by Eurostat, the statistical services of the EU.According to the same data, Cyprus...
02/02/2023
The net Foreign Direct Investment (FDI) stock of Cyprus decreased further in 2021, with Russia being the top partner, according to a report published by the CBC on Wednesday.Net FDI stock (outward...
01/02/2023
Both the assets and liabilities of Portfolio Investments increased in 2021, compared to 2020, according to a report published by the Central Bank of Cyprus on Wednesday. According to CBC, total...
01/02/2023
The European Central Bank on Tuesday launched the EU-wide banking stress tests for 2023, publishing the macroeconomic scenario with baseline assumptions for Cyprus providing for GDP growth of 2,5%...
01/02/2023
Economic rationalism should not be ignored for the sake of other considerations thereby maintaining a serious fiscal administration and continuity, Finance Minister Constantinos Petrides said on...
01/02/2023
The Index of Industrial Output Prices showed an increase of 22.4% for the period January-December 2022, compared to the corresponding period of 2021, according to data published by the Statistical...
31/01/2023
Εconomic sentiment in Cyprus improved further in January 2023, as the Economic Sentiment Indicator (ESI-CypERC) increased by 0.9 points compared with December 2022.According to the Economics Research...
27/01/2023