News
Cyprus bank deposits rebound in May as lending growth accelerates
5+ hour, 24+ min ago (176+ words) M" " " " " " " " " " Deposits and lending in Cyprus" banking system gathered pace in May, with both indicators recording significantly stronger growth compared with the previous month, according to data released by the Central Bank of Cyprus. Total deposits in monetary financial institutions…...
Emilios Tannousis appointed new president of CISI Cyprus National Advisory Council
2+ week, 22+ hour ago (291+ words) M" " " " " " " " " " Global educational charity and professional body Chartered Institute for Securities & Investment (CISI) has announced the appointment of Emilios Tannousis MCSI, FCCA as president of the CISI's Cyprus National Advisory Council (NAC). As noted in CISI's announcement, Tannousis previously served…...
Cyprus among EU countries with the highest employment growth, according to Eurostat
2+ week, 1+ day ago (166+ words) M" " " " " " " " " " Cyprus was among the European Union member states that recorded the strongest increase in employment during the first quarter of 2026, according to data published by Eurostat. More specifically, Cyprus recorded a 0. 4 percentage point increase in the employment rate of…...
Cyprus' banks' excess liquidity down by "1. 1 billion in 2025, according to the Central Bank of Cyprus
2+ week, 4+ day ago (332+ words) M" " " " " " " " " " Cyprus' banks'excess liquidity dropped in to "17. 4 billion as at end2025, down from "18. 5 billion in 2024, according to data published by the Central Bank of Cyprus, in the Monetary Policy implementation report for 2025. According to the executive summary of the report, the…...
Association of Cyprus Banks mission visits Brussels - From Bloomberg to the European Parliament
2+ week, 4+ day ago (249+ words) M" " " " " " " " " " A special Association of Cyprus Banks event, which focused on the significant progress of the Cypriot economy and the domestic financial sector, was completed with absolute success and high participation, the Association notes. According to an announcement, the event…...
Policy aimed at preserving the economy's positive trend needed, Fiscal Council says
2+ week, 5+ day ago (355+ words) M" " " " " " " " " " The good performance of the economy to date must be accompanied by a deliberate policy aimed at preserving its positive features, outgoing President of the Cyprus Fiscal Council, Michalis Persianis said, in his address accompanying the Council's 2025 Annual Activities…...
Finance Minister Makis Keravnos heading to Luxembourg for Eurogroup and ECOFIN
2+ week, 6+ day ago (208+ words) M" " " " " " " " " " Finance Minister Makis Keravnos will take part in the Eurogroup meeting on Thursday, 11 June and chair the ECOFIN Council on Friday, 12 June, in Luxembourg. On Thursday, Keravnos will take part in the Eurogroup meeting, where Ministers "will discuss macroeconomic…...
Cyprus ranks last in Eurozone for deposit rates, with improvement in mortgage lending
3+ week, 5+ hour ago (404+ words) M" " " " " " " " " " The transmission of European Central Bank (ECB) interest rate changes to the Cypriot banking market remains weaker than in most Eurozone countries, according to a new analysis by the Central Bank of Cyprus (CBC) accompanying April 2026 interest rate data....
Total employment up by 2% in people and 2. 5% in hours worked in Q1, 2026
3+ week, 4+ hour ago (124+ words) M" " " " " " " " " " Total employment for the 1st quarter of 2026 increased by 2%, compared to the corresponding quarter of 2025, according to data published by Cy STAT. At the same time, actual hours worked went up 2. 5%. According to Cy STAT, total employment for the 1st quarter…...
Annual increase of 7. 6% in registered unemployed in May, seasonal data show a slight decrease
3+ week, 4+ day ago (201+ words) M" " " " " " " " " " Based on the seasonally adjusted data which reflect the trend of unemployment, the number of registered unemployed for May 2026 decreased to 10, 476 persons, in comparison to 10, 516 in the previous month, Cy STAT has'announced.' This increase is mainly attributed to the…...