Cyprus Parliament unanimously approved the 4th supplementary budget submitted by the Government for 2021 and concerns mainly the financing of needs that arose due to the pandemic.The law provides for additional grants of €91.7 million for expenditures …
Category: Market
Cyprus President informs EU leaders of recent developments in Cyprus problem
Cyprus President Nicos Anastasiades has informed European leaders about recent developments in the Cyprus problem and Turkey`s and the Turkish Cypriot side`s illegal actions both at sea and in the Republic of Cyprus` territory, on the sidelines of the …
Invest Cyprus carries out targeted meetings for Middle East and Persian Gulf markets
The Cyprus Investment Promotion Agency (Invest Cyprus) carried out targeted meetings with businesspeople of the Middle East and the Persian as part of his strategy to promote Cyprus to the markets of the region.“The United Arab Emirates, Saudi Arabia, …
Lending criteria remain unchanged in 2nd quarter, demand for loans by households increases
Lending criteria to both businesses and households remained unchanged in the second quarter of 2021, but it is expected that they will become stricter in the third quarter of the year, according to the results of the Bank Lending Survey (BLS) for July …
Central Bank reports deterioration of balance of payments, international investment position, external debt in Q2
Cyprus’ balance of payments, international investment position and external debt deteriorated in the 2nd quarter of 2021, provisional data released Tuesday by the Central Bank of Cyprus (CBC) showed.According to the preliminary balance of payments data…
Retail trade turnover value and and volume up in first seven monhts of this year
Retail trade turnover value and volume were up by 8.6% and 8.1% respectively in the first seven months of this year, data released by the Cyprus Statistical Service show on Monday.In particular, according to the Statistical Service, the turnover value …