Day: October 2, 2024

Mortgages rate up, household deposits rate down in August

Banks in Cyprus increased the interest rate on loans for house purchase in August, while dropping the interest rate on deposits from households. In the same month, amounts of new loans dropped by a third, compared to July.

The Central Bank of Cyprus…

State-owned asset manager to extend mandate up to 2030

KEDIPES, the state-owned asset management company, is set to extend its mandate up to 2030 aiming to the full repayment of the state-aid granted by the government, Lambros Papadopoulos, President of the board of directors of KEDIPES said on Wednesday…

CBC revises up 2024 GDP forecast to 3.5%

The Central Bank of Cyprus (CBC) has revised GDP growth rate up by 0.5 percentage points for 2024, to 3.5%, compared to its forecasts last June, stressing that there does not seem to be any significant negative impact on investments from the conflict…