56 h. ago Online shopping satisfaction rates in Cyprus among highest in EU

Cyprus has one of the lowest rates of online shopping complaints in the European Union, as only 14.7 per cent of its consumers reported issues, according to data released by Eurostat on Wednesday. Moreover, lowest shares were also reported in Portugal (4.3 per cent) and Latvia (13.7 per cent) In contrast, around one-third (33.1 per […]

Politics

3 d. ago Cyprus interest rates converging with eurozone average, Central Bank reports

Cyprus interest rates converging with eurozone average, Central Bank reports  in-cyprus

Politics

8 d. ago ECB cuts rates, expects inflation to stabilise at 2 per cent by 2027

The European Central Bank (ECB) on Thursday announced a 25 basis point cut to its three key interest rates, marking a shift in its monetary policy stance. The decision, taken by the ECB’s Governing Council, reflects an updated assessment of inflation trends and the strength of monetary policy transmission. “The disinflation process is well on […]

Politics

1 week ago Obesity rates soaring globally in ‘monumental social failure’

Rates of obesity and overweight are spiralling due to a “monumental societal failure” to tackle the problem, with more than half of adults and almost a third of children and young people set to be affected by 2050, according to a new study. That represents more than 3.8 billion adults and 746 million children and […]

Sport

1 week ago Hellenic Bank’s voluntary exit scheme nears deadline with limited uptake

The deadline for Hellenic Bank employees who wish to accept the bank’s latest, and reportedly last, voluntary exit scheme ends today, after being announced in mid-February. However, interest in the scheme has not reached the levels desired by the bank, according to reports that emerged on Tuesday. Hellenic Bank aimed to reduce its workforce by […]

Events

2 w. ago Turkey’s economy grows 3.2 per cent in 2024, exceeding forecast

Turkey’s economy grew 3.0 per cent year-on-year in the fourth quarter of 2024, bringing full-year growth to 3.2 per cent, official data showed on Friday, exceeding forecasts despite the weight of high interest rates. The government, which had initially projected 3.5 per cent growth for 2024, had trimmed its expectations to reflect ongoing adjustments in […]

Politics

2 w. ago Cyprus’ banking sector faces concerns over high lending rates

Cyprus’ banking sector is undergoing significant changes, with recent mergers reshaping the financial landscape. At the same time, Cypriots are paying the highest mortgage rates in the eurozone while receiving some of the lowest interest rates on their deposits. “The banking system operates close to an oligopoly, limiting competitive pressure,” said Central Bank of Cyprus […]

Politics

2 w. ago Cyprus Business Now: Hellenic Bank, tourism, unemployment, startup ecosystem

Hellenic Bank on Thursday reported a net profit of €383 million for the full year 2024, highlighting its strong financial performance and solid capital position. “2024 was a landmark year for Hellenic Bank in terms of financial performance and ownership structure,” said chief executive officer Michalis Louis. “The bank achieved strong financial performance in 2024 […]

Economics

2 w. ago Hellenic Bank posts €383 million profit for 2024 — Eurobank merger imminent

Hellenic Bank on Thursday reported a net profit of €383 million for the full year 2024, highlighting its strong financial performance and solid capital position. “2024 was a landmark year for Hellenic Bank in terms of financial performance and ownership structure,” said chief executive officer Michalis Louis. “The bank achieved strong financial performance in 2024 […]

Economics

2 w. ago ECB’s Villeroy reaffirms deposit rates could be at 2 per cent by this summer

The European Central Bank could cut its deposit rate down to 2 per cent by this summer, said Bank of France head and ECB policymaker Francois Villeroy de Galhau in an interview published over the weekend. “Seen from where we are today, we could be at 2 per cent by the coming summer,” he told […]

Politics

3 w. ago Cyprus logs lowest remote work rate in Europe, at 22 per cent

Cyprus recorded the lowest rate of people working remotely in Europe in 2024, at just 22 per cent, a sharp contrast to the Netherlands, which topped the chart with 83 per cent. This information from Eurofound reveals significant differences in remote working opportunities across European countries, with a clear split gender. In Cyprus, the majority—78 […]

Politics