Economy

World Bank approves $650m loan for Istanbul resilience

The World Bank has approved a $650 million loan to support the Istanbul Resilience Project, aimed at improving the city’s preparedness for emergencies and...

Student housing prices soar as dorm capacity falls short

Student housing prices across Cyprus have risen sharply, as demand far exceeds supply and public universities struggle to offer enough dormitory beds, according to...

Building permits in Cyprus fall by 15.2% in 2025

Building permits in Cyprus saw a 15.2% drop during the period from January to April 2025, compared to the same period in 2024, according...

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...