Cypriot banks on May significantly increased interest rate they pay to depositors on the back of the rising interest rates imposed by the ECB in a bid to curb inflation. According to data released by the Central Bank of Cyprus (CBC) lending rates also…

Total new loans in May spiked to pound 1,07 billion, more than doubled from the previous month due renegotiated loans for which new contracts were signed, while fresh new credit rose to pound 536.5 million. According to data published by the Central B…

The European Commission has stressed the need for Cyprus to strengthen the independence and the accountability of the Prosecution Service. In its Rule of Law Report 2023, the European Commission recommends Cyprus to “strengthen the independence and th…