The Cypriot government, the Municipality of Pafos, the Cyprus University of Technology (CUT) and the European Investment Bank (EIB) signed on Friday loan agreements amounting to pound 125 million, financing the further development of CUT and the cons…

Cyprus’ banking sector recorded total post-tax profits of pound 602.92 million for the first half of 2024, up from pound 345.64 million at the end of March 2024, according to updated aggregate data released on Friday by the Central Bank of Cyprus.

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Cyprus warns for the devastating results and the broader catastrophic consequences if there is a wider escalation of the crisis in the region. Cyprus Foreign Ministry posted on X that Nicosia is following closely the worrying developments in neighbou…