Nicosia: The Department of Antiquities of the Deputy Ministry of Culture has announced the discovery of the oldest known Iron Age palace in Cyprus, following the recent excavation campaign at the Amathus Palace. The campaign, conducted from June 16 to July 4, 2025, was led by Professor Thierry Petit of
Nicosia: Development spending under the Cyprus state budget reached 24% in the first half of 2025, according to figures published Thursday by the Treasury of the Republic. This marks an improvement compared to 22% during the same period last year and is above the 10-year average of 21%. According to
Moni: Six out of the thirteen mobile desalination units in Moni are currently operational, with plans to have the remaining units up and running by the end of the week, according to George Kazantzis, Acting Director of the Water Development Department (WDD). According to Cyprus News Agency, the activation process
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
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: 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
