Economy

Non-performing loans in Cyprus drop to 5.9%

The percentage of non-performing loans (NPLs) in Cyprus decreased to 5.9% at the end of April 2025, down from 6.1% at the end of...

Payments to 2013 depositors to begin within days

A new timeline has been confirmed for the long-awaited compensation of individuals who suffered financial losses during the 2013 banking crisis in Cyprus. Payments...

Euro rises amid weaker dollar and focus on Ukraine peace talks

The euro rose to a new 1.5-week high against the weakened dollar on Thursday, as investors closely follow peace talks taking place over Ukraine,...

Plastic credits: false solution to global plastic waste?

As the UN meets to negotiate an international treaty to curb plastic pollution, many favour carbon credit-like offsetting. Each year, the world produces about 400...

July 2025 sets passenger record at Cyprus airports

Hermes Airports has announced that July 2025 was the busiest month in the history of Cyprus airports, recording a total of 1,653,880 passengers across...