#debt
Economy
Cyprus household debt hits 66% of GDP
At the end of December 2023, household debt in Cyprus reached 66% of Gross Domestic Product (GDP), while corporate...
Economy
Crisis in Middle East affecting interest rates
The new serious crisis in the Middle East poses risks for a new surge in inflation, complicating the imminent...
World
War with Hamas doubles Israel’s debt raising in 2023
Israel's war with Palestinian Islamist group Hamas led to a doubling of the country's borrowing last year, the Finance...
Economy
Understanding Cyprus’ private debt reduction
The private debt in Cyprus continues its downward trend, but its reduction, besides being slow, appears more nominal than...
Economy
Possible reduction of interest rates in June
Next Thursday, the Governing Council of the European Central Bank (ECB) will convene to discuss monetary policy, and the...
Economy
Deposits, loans record decrease in January
In January 2024, both total loans and total deposits recorded a net decrease, with loans decreasing by €122.9 million...
Economy
MP seeks to end compound interest on delayed loans
End to compounding interest by banks on delayed loans is sought to be introduced through legislative regulation by the...
Economy
Public debt decreases in 2023
The debt of the Central Government was shaped at €22.4 billion at the end of 2023, presenting a decrease...
Local
Banks accused of accepting zero-income refugee loan applications
The state indirectly pushes many Greek Cypriot refugees to declare false information in their attempt to convince authorities that...
Economy
Timing and impact of ECB interest rate reductions
Even if interest rate reductions begin, their installment will decrease by a minimal amount in euros, and the difference...
Economy
Finance Minister prioritizes reducing non-performing loans
The recent statement by the Minister of Finance, Makis Keravnos, that for the government the most important priority is...
Local
Millions in uncollected fines raise concerns
The amount related to uncollected fine warrants in the Republic of Cyprus is causing concern.
According to official data from...
Local
AKEL to submit emergency draft law on foreclosures
AKEL will submit to the plenary session of the Parliament an emergency draft law proposal, concerning regulations related...
