The loan and deposit interest rates will soon be brought up for discussion in the Parliamentary Committee on Economics. The…
Director of the Consumer Protection Service: We can’t rush and announce increases
“We can’t rush and announce increases unless there are tangible events to justify them,” stated Constantinos Karagiorgis, Director of the…
New quality glitch to delay some Boeing 737 MAX deliveries
Boeing Co BA.N said on Sunday it will have to do more work on about 50 undelivered 737 MAX airplanes,…
Finance Minister prioritizes reducing non-performing loans
The recent statement by the Minister of Finance, Makis Keravnos, that for the government the most important priority is reducing…
Real estate sector resilient amid economic challenges
During the fourth quarter of 2023, the real estate sector demonstrated resilience against opposing pressures from inflation, high lending rates,…
Vasilikos project halts: Urgent action needed, says Energy Minister
The state of affairs surrounding the liquefied natural gas project at Vasilikos is placing the current Government in a difficult…
Cental Bank warns of unlicensed ‘bank’
The Central Bank of Cyprus (CBC) warns of ‘bank’ operating without a license. Specificly, the CBC informs the public, businesses,…
We need to find a solution to the housing problem, EU Commissioner Schmit says
One of the major issues facing Europe is housing and “if we really want to tackle the populist threat, we…
Eurobank’s acquisition of Hellenic Bank gets Competition Commission’s nod
The Commission for the Protection of Competition (CPC) has approved Eurobank’s bid to acquire the share capital of Hellenic Bank.…
Government launches grant scheme for energy upgrade of large enterprises
The Cabinet on Friday greenlit an innovative “Grant Scheme for Energy Upgrading and Enhancing the Competitiveness of Large Enterprises.” This…