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economy banking sector

Cyprus Credit Rating Upgrade: A Leap Toward Stability

Cyprus’s credit rating upgrade to BBB+ by Fitch Ratings signifies a leap toward economic stability and growth, reflecting confidence in the government’s fiscal strategies. With a banking sector reducing nonperforming loan ratios and strong budget surplus projections, this upgrade indicates a promising economic future and resilience against potential financial challenges.

economy construction

Cyprus Business Now: A Spotlight on Economic Movements

The ECB rate cut is expected to boost Cyprus’s economy by lowering borrowing costs, encouraging investment, and stimulating economic growth. Additionally, the construction sector shows promising signs of growth, with an increase in building permits and a surge in civil engineering projects, reflecting diversified economic expansion and potential investment opportunities.

real estate tourism

Cyprus Business Now

Cyprus’s real estate market is facing challenges with inflated rental prices and reduced longterm rental availability due to the surge in shortterm rentals. This is worsened by increased interest rates and inflation, making home buying more difficult and tightening the housing market.

business economy

Enhancing Cypriot SMEs’ Reach in the Chinese Market

The Cyprus Chamber of Commerce and Industry (Keve) is teaming up with the EU SME Centre to help Cypriot SMEs break into the Chinese market, offering crucial support for exports and investments and aiding local businesses in reaching one of the world’s largest markets. This strategic move by Keve signifies a significant step forward in enhancing the economic landscape of Cyprus, with promising signs of progress including increased development expenses, growing revenue streams, and synergies between the Cyprus Stock Exchange and Hellenic Energy Exchange pointing towards a new era of financial stability and growth.

economy financial forecasting

CFA Society Cyprus Forum Examines Global Economic Outlook

The CFA Society Cyprus annual economic forum delved into the intricacies of the global economic landscape, stressing the vital role of financial forecasting for investors. Held at the Municipal Theatre of Nicosia, the forum showcased the society’s growing influence and the imperative for crosssector collaboration in navigating the challenges of the international economy.

economy cyprus

Cyprus Economic Climate Sees Positive Shift in May

In May, Cyprus’s economic climate saw a positive shift with a 1.6 point increase in the Economic Sentiment Index (ESI), driven by strong growth in the services sector leading to better turnover. While other sectors showed mixed results, the overall improvement indicates a cautious yet optimistic approach to economic conditions in the country.

business technology

Cyprus Business Now

Cyprus is making strides in its economic landscape, with initiatives like Viva Technology participation and growth in ship management revenues. The financial legal framework is being reinforced, while tech advancements like QuadCode’s hackathon showcase the island’s innovation drive, with the Cyprus Stock Exchange showing positive trends.

economy resilience

Cyprus Economic Stability Amid Fiscal Trials

Cyprus’s economic stability remains strong amid fiscal trials, thanks to resilient domestic sectors like real estate, retail sales, and electricity generation. Despite global economic downturns, local economic activities and wellinformed financial journalism have helped the country weather international pressures and maintain growth rates.

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