Banks in Cyprus to tighten lending rules for households

Cypriot banks expect stricter lending criteria for households but not for Covid-affected businesses while preparing for an increase in demand in all categories of loans for the second quarter of 2021, the Central Bank of Cyprus (CBC) said in its Bank Lending Survey (BLS) for the first quarter of 2021 published on Tuesday (August 24). The CBC said that the strengthening of

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Cyprus sees dramatic fall in housing purchases in 2020

The number of housing transactions in Cyprus dropped by 23.3% last year, the sharpest fall among the 13 EU member countries for which data are available, Eurostat data showed. The EU’s statistical office noted that in 2020, the number of housing transactions decreased in several EU countries compared to 2019 despite a continued upwards trend in house prices. This drop in the

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Cyprus Stock Exchange hopes to privatise by the end of next year

The Cypriot government is examining tax incentives to encourage companies to join the Cyprus Stock Exchange (CSE), as the Nicosia-based bourse intends to privatise and launch a new market for small and medium-sized enterprises (SMEs). According to a local media reports, a delegation from the CSE headed by its Board Chairman, Marinos Christodoulides met with Finance Minister Constantinos Petrides last week. Christodoulides

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