Cyprus Business and Economic Developments: A Closer Look
In Cyprus, the economy is showing mixed signals as consumer loan interest rates rose from 6.18% to 6.67%, while new loans surged to €28.0 million in July, indicating a growing confidence among borrowers. The startup scene is thriving with Darefore, a Paphosbased company, joining the KV Fund, showcasing the island’s vibrant innovation ecosystem amidst advancing energy projects and improving employment rates.