19 h. ago Yildirim insists there is no ‘new development’ between Republic of Cyprus and central Asia

Organisation of Turkic States (OTS) council of elders chairman and former Turkish prime minister Binali Yildirim on Thursday insisted there is no “new development” in relations between central Asian states and the Republic of Cyprus. Addressing an event held on the sidelines of the OTS’ summit in Budapest, he was keen to play down the […]

Politics

35 h. ago CBC governor outlines strategies for economic resilience and growth

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Thursday used his address at the 4th ICPAC Mediterranean Finance Summit to underline the importance of resilience in the face of global economic uncertainties. At the event, Patsalides highlighted the necessity for strategic reforms and robust regulatory frameworks to ensure financial stability and sustainable growth. “We […]

Economics

9 d. ago Transport Minister confirms progress on Larnaca marina and port redevelopment

Transport Minister Alexis Vafeades on Wednesday said that the evaluation of bids for the deepening of the Larnaca marina is currently under way, with work expected to begin soon. He also announced that the agreement for the port and marina masterplan study will be signed within May with Greece’s Hellenic Republic Asset Development Fund (HRADF). […]

Politics

9 d. ago Central Bank of Cyprus hiring for permanent officer vacancies

The Central Bank of Cyprus (CBC) has announced that it is accepting applications for the permanent posts of Officer Second Class. The vacancies are available in the Information Technology Department, specifically in the areas of IT Systems Development and IT Infrastructure Management, as well as in the Financial Literacy Service. Applications must be submitted exclusively […]

Sport

1 week ago Cyprus housing loan rates range from 2.50 to 5.24 per cent in March

The highest average interest rate on new floating-rate housing loans reached 5.24 per cent in March, according to a report published on Monday by the Central Bank of Cyprus (CBC). This figure applied to loans with an initial rate fixation period of up to one year. Meanwhile, the lowest rate offered for the same loan […]

Politics

2 w. ago Central Macedonia Targets UK and Cyprus Travelers to Bolster Year

Central Macedonia Targets UK and Cyprus Travelers to Bolster Year-Round Tourism  GTP Headlines

Events

2 w. ago Cyprus banks record €964 million in new loans; NPL ratio dips slightly

Deposit interest rates in Cyprus declined in March 2025 for both households and businesses, reflecting a softening trend in returns on short-term savings, according to the Central Bank of Cyprus (CBC). At the same time, new lending surged across all major categories, with total new loans more than doubling to €964.2 million compared to the […]

Economics

2 w. ago Auctioned Cyprus homes sold below value despite legal protections

Residential properties in Cyprus sold under foreclosure in the final quarter of 2024 lost significant value, with six primary residences auctioned off at an average discount of 26.7 per cent from their market worth, according to data from the Central Bank of Cyprus (CBC). These sales took place through two rounds of auctions conducted between […]

Politics

3 w. ago Cyprus, Greece boost cooperation on education and delinquency prevention

Cyprus and Greece are deepening cooperation in the field of education, focusing on the transition from rote learning to skills-based instruction, the exchange of educational materials, and the organisation of a joint conference and workshop on violence and delinquency later this year. These topics were central to discussions during a two-day official visit to Cyprus […]

Politics

3 w. ago Bank loans in Cyprus surge by €429.9m in March — deposits fall by €66.3m

Banks in Cyprus recorded a net decrease of €66.3 million in deposits and a significant increase of €429.9 million in loans during March 2025, according to a report by the Central Bank of Cyprus (CBC). The CBC also reported that the annual rate of credit expansion rose to 3.1 per cent. Total deposits showed a […]

Politics