The country has recouped the lost growth from the peak of the pandemic and is set for a sustained period of growth.
Western Europe
Latest articles from Cyprus
Cyprus’s banks keep calm and carry on
February 23, 2022The country’s banking sector has shown strength and resilience by offloading problem assets during the pandemic and maintaining improved compliance and regulatory standards.
Cyprus looks to life beyond Covid
February 14, 2022Cyprus’s finance minister talks to The Banker about how the country’s economy has coped during the pandemic and the recovery ahead.
New beginnings for the Cypriot banking sector
September 29, 2021Forging a regulatory strategy in a time of crisis is not easy, but the Cyprus financial sector has come out stronger and more resilient, says Demetra Kalogerou, chairwoman of the Cyprus Securities and Exchange Commission.
Cypriot banks make progress in tackling bad loans
September 1, 2021The NPL ratio at Bank of Cyprus, the country’s largest lender, fell from 41% in 2016 to 12.4% last year.
Can Cyprus's economy recover from the coronavirus crisis?
May 11, 2020Can Cyprus keep its admirable record of bouncing back from yet another a crisis?
Cyprus's banks enter coronavirus crisis in good shape
May 11, 2020The silver cloud in 2013’s financial problems is that it forced Cypriot banks to reform, putting them in good shape to survive the coronavirus crisis.
Cyprus finance minister keen to demonstrate progress to EBRD
May 2, 2017As Cyprus prepares to host the EBRD's annual meeting, its finance minister, Harris Georgiades, tells Michael Imeson how the country has progressed from its EU/IMF bailout in 2013 to record a budget surplus and GDP growth higher than the eurozone average.
Cyprus banks' reversal of fortune
May 2, 2017Though Cyprus's banking sector is in a much healthier state than it was during the crisis years of 2012 and 2013, high NPL ratios and the country's negative interest rate environment are casting a shadow over its recovery, as Michael Imeson reports.
A bumpy ride on Cyprus's road to recovery
February 1, 2016Things are looking up for banks in Cyprus, as the financial sector and economy recover. But a difficult journey still lies ahead with NPLs still high and calls for consolidation among the country's banks growing louder.