21 h. ago Loan costs remain high in Cyprus while depositors see limited returns

The average interest rate for household time deposits up to one year in Cyprus stood at 1.16 per cent in the latest data published by the Central Bank of Cyprus, lagging behind the euro area average of 1.84 per cent. According to the CBC, the highest one-year household deposit rate among Cypriot banks was offered […]

Politics

35 h. ago Best Cryptos to buy as Metaplanet acquires 2,205 more Bitcoins

Japanese investment firm Metaplanet is bolstering its Bitcoin holdings, recently snapping up 2,205 additional BTC, valued at roughly $238.7 million. This brings their total to 15,555 BTC, worth approximately $1.7 billion.  The move signals strong corporate confidence in Bitcoin as a treasury asset, fueling optimism in the crypto market. As Bitcoin’s bullish momentum grows, investors […]

Politics

42 h. ago Eurobank S.A. honoured at 13th Invest Cyprus International Investment Awards

Eurobank S.A. has been honoured at the 13th Invest Cyprus International Investment Awards for its decisive contribution to the Cypriot economy through its strategic investment in Hellenic Bank and its vote of confidence in the country’s banking system and economy. The award ceremony was held at the annual awards organised by Invest Cyprus in collaboration […]

Economics

2 d. ago German giants plan joint push to restore investor confidence

Some of Germany’s biggest corporations are weighing a joint initiative to boost investor confidence in Europe’s top economy, two people familiar with the matter said, adding this included investment commitments and a push to attract private capital. The initiative, which is spearheaded by groups including Siemens (SIEGn.DE), Deutsche Bank (DBKGn.DE) and FGS Global, represents more […]

Economics

4 d. ago Exxon finds new natural gas deposit offshore Cyprus, government says (XOM:NYSE)

Exxon finds new natural gas deposit offshore Cyprus, government says (XOM:NYSE)  Seeking Alpha

Politics

4 d. ago Bank of Cyprus launches new ‘Joey Extras’ reward scheme for kids, parents

The Bank of Cyprus (BoC) launched its new, innovative and pioneering rewards programme, “Joey Extras”, on July 1, 2025. Specifically designed to offer unique benefits to “Joeyers” (children aged 9–17) and their parents or guardians, Joey Extras is activated automatically upon registration with the Joey app and issuance of a Joey card. Joey Extras delivers […]

Events

5 d. ago Rate cut windfall for VTB may fund Russia’s state defence sector

Every 1 per cent cut in central bank interest rates gives Russia’s VTB Bank an extra 20 billion roubles ($250 million) in net profit, CFO Dmitry Pyanov told Reuters, which benefits the government as the state-owned lender plans to distribute 50 per cent of its profits via dividends – half of it to the state. […]

Politics

5 d. ago UK lenders report surprise rise in mortgages in May, consumer lending cools

The number of mortgages approved by British lenders for house purchases unexpectedly jumped in May, according to Bank of England data that suggested the housing market recovered quickly from the end of a tax break for homebuyers in April. Mortgage approvals rose to 63,032 in May from 60,656 the month before, and confounding the median […]

Politics

7 d. ago Kedipes ends interest subsidy scheme as rates and inflation fall

State-owned asset management company (Kedipes) announced this week that it has officially terminated its interest subsidy scheme for performing credit facilities indexed to the European Central Bank’s main refinancing rate, effective from July 1, 2025. The decision was taken by Kedipes’ board of directors, marking the end of a support plan that had been in […]

Politics

8 d. ago Cyprus house prices continue to rise in first quarter of 2025

The general house price index in Cyprus, which includes both houses and apartments, continued its upward trajectory on an annual basis during the first quarter of 2025, according to data published by the Central Bank of Cyprus (CBC). The increase came amid a slowdown in apartment price growth and a faster pace of increase in […]

Politics

8 d. ago Cyprus international investment position worsens in early 2025

Cyprus’ international investment position (IIP) deteriorated in the first quarter of 2025, recording a net liability of €31.01 billion compared to €29.18 billion in the fourth quarter of 2024. The figures are based on preliminary data for the first quarter of 2025 released by the Central Bank of Cyprus (CBC), covering the balance of payments, […]

Politics

9 d. ago Bank of Israel expected to hold rates, August cut seen as likely

The Bank of Israel is expected to leave short-term interest rates unchanged next week but analysts believe a cut is possible as early as August following a swift war with Iran that likely set back the Iranian nuclear programme. Ten of the 11 economists polled by Reuters said the central bank will keep its benchmark […]

Politics

9 d. ago UK interest rates could fall to 2.25 per cent by late 2025, says BoE official

Bank of England policymaker Alan Taylor said on Wednesday that a soft landing for Britain’s economy is now at risk and that economic data had recently argued for five interest rate cuts in 2025 rather than four. “Previously, I had seen a UK soft landing in the cards, with some remaining upside risks to inflation […]

Politics

9 d. ago Bank of Cyprus sheds €2.5B in real estate, marks biggest property sale in island’s history

Bank of Cyprus sheds €2.5B in real estate, marks biggest property sale in island’s history  Kathimerini.com.cy

Economics

1 week ago UK economic uncertainty ‘definitely’ hurting growth, says Bailey

Bank of England Governor Andrew Bailey on Tuesday highlighted Britain’s softening labour market and said rising uncertainty in the global economy had “definitely” hurt economic growth and investment intentions. In an interview with CNBC, Bailey said a key question for the BoE was how much the weakening of the labour market and the economy would […]

Economics

1 week ago Bank of Cyprus updates voting rights after buyback programme ends

The Bank of Cyprus (BoC) on Tuesday announced that, as of June 30, 2025, its total issued share capital stood at 440,828,633 ordinary shares. Of these, 5,142,602 shares are held as treasury shares following the completion of its recently-concluded buyback programme. According to the announcement, each share carries a nominal value of €0.10 and entitles […]

Economics

1 week ago Eurobank eyes dual listing on Cyprus and Athens stock exchanges after Hellenic Bank exit

Eurobank eyes dual listing on Cyprus and Athens stock exchanges after Hellenic Bank exit  Kathimerini.com.cy

Politics

1 week ago Net Zero 4 Youth programme sees successful first celebration

On the morning of June 19, 2025, the First Celebration Event of the Net Zero 4 Youth (NZ4Y) educational programme for the 2024–2025 school year took place with great success at Hellenic Bank’s Nicosia HQ. The event honoured students, teachers and secondary schools who had stood out for their participation and commitment to the programme. […]

Politics

1 week ago Central banks shift reserves from dollar to gold, euro and yuan

The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, the euro and China’s yuan as the splintering of world trade and geopolitical upheaval spark a rethink of financial flows. According to a report by the Official Monetary and Financial Institutions Forum (OMFIF), one […]

Politics

1 week ago Cyprus Business Now: Eurobank shares, Logicom, economic index, tax reform

Eurobank on Friday announced its intention to explore a parallel listing of its shares on the main market of the Cyprus Stock Exchange (CSE), following the successful completion of its acquisition of Hellenic Bank. This move marks what the bank described as “the largest foreign investment ever implemented in Cyprus”. The development comes in the […]

Economics