Tag: cypruseconomy

Why falling interest rates don’t always mean lower loan instalments

Economy March 18, 2025

Despite continuous interest rate cuts by the European Central Bank (ECB), many borrowers are not seeing a reduction in their monthly loan repayments. This...

EU grants €3.5m to farmers affected by natural disasters in Cyprus

Economy February 20, 2025

The member states of the EU gave the green light to a proposal by the European Commision to mobilise 98.6 million euro as emergency...

Commission backs Cyprus’ third Recovery Fund payment request

Economy February 12, 2025

The European Commission has issued a positive preliminary assessment of Cyprus's third payment request through the Recovery and Resilience Fund, it was announced on...

Card payments the most popular method of non-cash payments

Economy February 4, 2025

Card payments in Cyprus stand out as the most popular method of non-cash payment transactions in Cyprus in volume terms, the Central Bank of...

Banking sector reports loan growth and nearly €1b deposit surge

Economy January 30, 2025

Cyprus recorded a strong increase in banking activity in December 2024, as loan demand rebounded with a net increase of €503.2 million, while total...

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