Nicosia: A Cyprus-based entity has been included in a sanctions list issued by the United States, which aims to pressure Iran to end its nuclear program. The sanctions are part of a broader strategy to curtail Iran’s petroleum industry activities. “As part of the maximum pressure campaign to end Iran’s
Nicosia: The Industrial Producer Price Index remained unchanged in June 2025, reaching 123.1 units (base year 2021=100), compared to the same month last year. At the same time, According to Cyprus News Agency, the index recorded a marginal increase of 0.3% compared to May 2025. For the period January-June 2025,
Nicosia: The second £100 million tranche of a total £200 million loan agreement was signed on Thursday between the Republic of Cyprus and the European Investment Bank (EIB) for the financing of major infrastructure projects across Cyprus. The agreement was signed during a ceremony at the Ministry of Finance by
Nicosia: Total assets under management (AUM) by Collective Investments in Cyprus rose to £10.7 billion in the first quarter of 2025, reflecting a 6.64% increase compared to the previous quarter. According to Cyprus News Agency, despite this growth, the number of Management Companies and Undertakings of Collective Investments (UCIs) slightly
Nicosia: Loan interest rates for households in Cyprus rose once again in June 2025, according to figures published on Thursday by the Central Bank of Cyprus. In contrast, business lending rates recorded a decline, while deposit rates for households and non-financial corporations remained largely unchanged. According to Cyprus News Agency,
Nicosia: Net new loans in Cyprus experienced a significant increase in June 2025, reaching £642.8 million from £297.8 million in May, according to data published on Thursday by the Central Bank of Cyprus. The total value of new loans, including renegotiated contracts, rose to £959.5 million, compared to £714.4 million
