19 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

57 h. ago Electricity group raises alarm over LNG and GSI project delays

The Electricity Market Association (EMA) on Wednesday expressed concern over two critical energy projects that directly affect Cyprus’ energy future. These include the Vasilikos liquefied natural gas (LNG) terminal and the Cyprus-Greece electricity interconnection (GSI). In a statement following a House Energy Committee session on Tuesday, the Electricity Market Association (EMA) issued a call to […]

Events

6 d. ago British house prices fall 0.8 per cent in June, defy growth forecasts

British house prices fell by 0.8 per cent in June, a sharper fall than forecast and the biggest monthly decline in more than two years, as a discount on property transactions ended, data from mortgage lender Nationwide showed this week. Economists polled by Reuters had forecast a 0.2 per cent monthly increase. For the year, […]

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

1 week ago Cyprus among top EU countries for household spending in 2024

Cyprus ranked among the top household consumers in the EU, with per capita expenditure reaching 21,879 PPS in 2024, according to a recent Eurostat survey that compared household consumption across member states using purchasing power standards (PPS). The survey, which evaluates material well-being through real consumption per capita adjusted for price differences across countries, revealed […]

Politics

2 w. ago House transport committee visits Paphos infrastructure projects

Members of the House transport committee on Friday carried out a visit to various infrastructure projects in the Paphos district to check on their progress. Committee chairman and Dipa MP Marinos Mousiouttas spoke during the visit, saying the road linking Paphos and its airport “needs immediate improvement, and adding that efforts need to be made […]

Sport

2 w. ago White House video embraces Trump as ‘daddy’ after Nato chief’s remark

The White House embraced the moniker of “daddy” for Donald Trump in a video that it released after NATO chief Mark Rutte used the term in a conversation with the U.S. president. “Daddy’s home,” the White House posted on X, along with the video featuring the song “Hey Daddy (Daddy’s Home)” by Usher and images […]

Politics

2 w. ago Cyprus Business Now: real estate market, Eurobank, Stelios awards, renewables

Paphos has emerged as the strongest performer for high-end houses in Cyprus’ residential property market, according to a report released on Monday by Landbank Analytics. The report showed that average house prices surged 16.9 per cent year-on-year in Paphos, climbing from €593,000 in the first quarter of 2024 to €693,000 in the same period of […]

Economics

2 w. ago President meets real estate developers, housing schemes on agenda

President Nikos Christodoulides chaired a meeting on Monday at the presidential palace with a delegation from the Cyprus Property Developers Association. According to an official announcement, the president began the meeting by outlining the various issues to be discussed, concerning both government actions and the association itself. Moreover, he “expressed his gratitude to the association […]

Politics

4 w. ago Cyprus wholesale trade and vehicle services grow in first quarter

The value of wholesale trade and motor vehicle-related activities in Cyprus continued to rise in the first quarter of 2025, according to data released on Friday by the state statistical service. The turnover value index for wholesale trade, except of motor vehicles, recorded an annual increase of 4.8 per cent compared to the same period […]

Politics

4 w. ago CSE to vet clearing members for competitive electricity market

The Cyprus Stock Exchange (CSE) announced on Thursday that it is now accepting applications for registration as direct and general clearing members for the competitive electricity market (CEM). The CSE will serve as the clearing house for the CEM under a contract concluded with the Cyprus Transmission System Operator (TSO). Within this framework, the CSE […]

Sport

last month Cyprus House Of Representatives Approves Investment Funds Administrators Law

Cyprus House Of Representatives Approves Investment Funds Administrators Law  Mondaq

Society