6 h. ago Cyprus central to Eurobank growth as Karavias backs eastward push

Eurobank chief executive officer Fokion Karavias said investments are a national necessity and Cyprus plays a pivotal role in the group’s future, in a wide-ranging interview with Greek business outlet Business Daily examining economic growth, banking reform and Eurobank’s eastward expansion. During the interview, Karavias said that “the banking landscape will change dramatically in the […]

Events

3 d. ago Central Bank of Cyprus keeps countercyclical buffer rate at 1.5 per cent

The Central Bank of Cyprus (CBC) on Friday announced that it deemed it appropriate to maintain the countercyclical buffer (CCyB) rate at 1.5 per cent, effective as from January 14, 2026. The CBC’s decision to leave the countercyclical buffer rate unchanged at 1.5 per cent was made under the legal framework governing the oversight of […]

Sport

4 d. ago Justice minister tours central prison amid torture report scandal

New Justice Minister Konstantinos Fytiris on Thursday pledged immediate steps to address severe failings in the prison system, following a damning report by the European council. The minister spent more than three hours at the central prisons, meeting management, staff and inmates, and inspecting cells and common areas. Speaking after the visit, Fytiris said his […]

Events

4 d. ago Justice minister tours central prison amid damning report scandal

New Justice Minister Konstantinos Fytiris on Thursday pledged immediate steps to address severe failings in the prison system, following a damning report by the European council. The minister spent more than three hours at the central prisons, meeting management, staff and inmates, and inspecting cells and common areas. Speaking after the visit, Fytiris said his […]

Events

4 d. ago Justice Minister to visit central prison following EU report

Following a report warning of ‘serious concerns’ published by the Council of Europe’s committee for the prevention of torture, Justice Minster Costas Fitiris on Wednesday said he will pay a visit to the central prison on Thursday. Fitiris said that his visit was aimed at obtaining “general information on all issues concerning the prison” to […]

Events

5 d. ago Council of Europe warns of ‘serious problems’ at Cyprus’ prison

The Council of Europe’s committee for the prevention of torture warned of “serious problems” at Cyprus’ central prison in Nicosia and said it had “grave concerns” over “the high levels of inter-prisoner violence” at the facility. In a report written pursuant to a visit to the island in April, it spoke of a “failure of […]

Events

1 week ago Bank of Cyprus introduces the Virtual Card, the card that lives in your phone and shops online

Bank of Cyprus (BoC) has introduced its new Virtual Card, launched under the central message ‘The card that lives in your phone’, bringing the online shopping experience directly into everyday life. The product combines flexibility, security, and instant access to the digital world, offering customers a smart way to make online payments, subscriptions, and purchases […]

Politics

1 week ago New loans decline in October, offset by rising housing credit and higher rates

Net new loans in Cyprus fell by €18.5 million in October to €429.4 million, mainly due to a slowdown in lending to companies, while housing loans continued to rise, according to data published this week by the Central Bank of Cyprus (CBC). Total new loans reached €624.9m, compared with €770.5m in September, when net new […]

Politics

2 w. ago ‘Foreign investment reflects global confidence in Cyprus banks’

Foreign investment in Cyprus banks confirms global confidence in the island’s banking system and, by extension, in the dynamics and stability of the Cypriot economy, governor of the Central Bank of Cyprus Christodoulos Patsalides said on Sunday. As some of the largest Cyprus banks have to an extent transferred into Greek hands, while rumours see […]

Economics

2 w. ago Cyprus deposits surge €421.2 million in October while loans expand further

Total deposits and loans recorded notable increases in October 2025, according to deposit and loan statistics released on Thursday by the Central Bank of Cyprus (CBC). The figures reflect the monthly movements in deposits and lending across households, non-financial corporations and other domestic sectors, as well as the annual rate of change in both categories. […]

Politics

2 w. ago Cyprus’ loan criteria and terms steady in Q3 as banks expect unchanged supply but stronger demand

Cyprus’ banks kept their lending criteria unchanged in the third quarter of 2025, with both businesses and households facing the same terms and conditions as in the previous quarter, according to the Central Bank of Cyprus’ (CBC) latest Bank Lending Survey (BLS). According to the survey, loan demand also remained broadly stable, with net demand […]

Politics

2 w. ago From Cyprus to Europe, ECOMMBX leads the landscape of Electronic Money Institutions

Cyprus is attracting a growing wave of fintech activity as firms take advantage of its EU-regulated framework and strategic location. Among them is ECOMMBX, a licensed Electronic Money Institution (EMI) regulated by the Central Bank of Cyprus (CBC), which has expanded its services across Europe. Cyprus is emerging as one of the most dynamic innovation […]

Politics

2 w. ago Promoting gender equality a central priority of Cyprus EU Presidency, Commissioner says

Promoting gender equality a central priority of Cyprus EU Presidency, Commissioner says  ΚΥΠΕ

Events

3 w. ago Central Bank of Cyprus issues silver coin honouring Eoka hero

The Central Bank of Cyprus (CBC) on Wednesday announced the issue of a silver collector coin with a nominal value of €5 in proof condition and a mint year of 2025. The coin commemorates the 70th anniversary of the start of the Eoka struggle against British colonial rule. It will be limited to 2,000 coins. […]

Sport