Cyprus Business Now: Eurobank bond, property sales, NPLs, shipping, Alpha Bank
Business & economy wrap-up from the day before
Specifically, Eurobank S.A. said the deal involved the issuance of subordinated Tier 2 debt instruments referred to as notes, with strong demand from international investors.
The bank confirmed that the notes will mature on April 29, 2037, providing long-dated capital to support its regulatory and funding objectives.
Eurobank said the instruments are callable at par from January 29, 2032 to April 29, 2032, under the structure described as 11.25NC6.25.
The notes offer a fixed coupon of 4.125 per cent per annum, giving investors predictable income until the first reset date.
Citing figures from the Department of Lands and Surveys (DLS), the council reported that 18,114 sales documents were filed nationwide between January and December 2025, up from 15,797 in 2024, reflecting sustained momentum across the market.
At the same time, while the volume of transfers increased only marginally by 0.77 per cent, their total value rose by around 10 per cent, pointing to growing interest in higher-value assets.
Commenting on the results, the president of the Real Estate Agents Registration Council, Marinos Kineyirou, described 2025 as clear evidence of the sector’s resilience and attractiveness.
“The picture of 2025 is the clearest proof of the resilience and attractiveness of the real estate sector,” he said, adding that the market had absorbed shocks from the international environment and returned to a strong growth trajectory.
As of the end of October 2025, the non-performing loans ratio excluding loans and advances to central banks and credit institutions declined to 4.2 per cent, compared with 4.5 per cent at the end of September 2025.
This decline pointed to a month-on-month improvement in credit quality, even under the narrower definition that excludes interbank and central bank exposures.
Under the European Banking Authority Risk Dashboard methodology, which includes loans and advances to central banks and credit institutions, the non-performing loans ratio fell to 2.1 per cent at the end of October 2025.
This compared with 2.3 per cent at the end of September 2025, confirming a consistent downward trend across both measurement approaches.
According to the announcement by the service of the Commission for the Protection of Competition, the buyer is Cerberus Capital Management L.P., acting through Delta Credit Purchaser Limited.
The transaction concerns the acquisition of a portfolio of non-performing loans and related collateral and facilities, which are currently held by Alpha Bank Cyprus Limited.
The notification was submitted in relation to a concentration under competition law, triggering a review by the competition authority.
Addressing the road ahead, Hadjimanolis noted that while 2026 arrives with “turbulent waters,” the year is equally defined by the emerging opportunities awaiting a successful maritime sector.
The comments came during the 3rd CSN Cyprus Shipping Debate in Limassol this week, where industry and institutional representatives met to discuss current pressures on shipping.
Hadjimanolis said the sector is at a pivotal point that will shape its future, noting that technology and innovation, if used properly, can strengthen shipping in a sustainable, long-term way.
Specifically, Eurostat reported on Friday that the EU economy recorded 3.3 billion tonnes of CO2 equivalents in greenhouse gas emissions in 2024.
This marked a 1 per cent decline compared with 2023 and a 20 per cent reduction compared with 2013, reflecting longer-term structural changes across the bloc.
For Cyprus, the data showed that greenhouse gas emissions intensity fell by 28.9 per cent between 2013 and 2024, placing the country among those that achieved a substantial decoupling of economic growth from emissions.
At EU level, greenhouse gas emissions intensity declined by 34 per cent over the same period, as emissions fell while gross value added increased.
The general government gross debt to GDP ratio in Cyprus fell by 6.1 percentage points compared with the same period in 2024, marking the third-largest decrease in the entire bloc.
This downward trend in Cyprus occurred as the broader euro area saw its debt-to-GDP ratio increase to 88.5 per cent, up from 88.2 per cent at the end of the second quarter.
In the European Union as a whole, the ratio also climbed slightly from 81.9 per cent to 82.1 per cent during the same three-month window.
Annual comparisons show that while Cyprus, Greece, and Ireland successfully lowered their debt burdens, sixteen other member states registered an increase in their debt to GDP ratio.
The conference is expected to bring together a broad cross-section of India’s business community, alongside a strong Cypriot presence, as both sides look to translate strategic alignment into concrete commercial opportunities.
Against this backdrop, the summit will frame Cyprus as a natural entry point for Indian companies targeting Europe, while also positioning the island as an international business and investment centre linking Europe with the Middle East and Asia.
This dual role will be explored through Cyprus’ operating environment, which combines EU membership, a stable English common law legal system and competitive tax structures with a highly skilled workforce and comparatively low business costs.
This performance stands in sharp contrast to the broader euro area, where the deficit-to-GDP ratio increased to 3.2 per cent during the same period.
The figure for Cyprus represents a slight decrease of 0.2 percentage points compared to the second quarter of 2025, when the surplus stood at 2.5 per cent.
Historically, the island has maintained a strong fiscal position, having recorded a surplus of 5 per cent in the first quarter of 2025 and 4.9 per cent on September 30, 2024.
As the coordinator of the Enterprise Europe Network in Cyprus, the chamber is facilitating the WE-RISE Open Call 2 which focuses on the GreenTech, AgriTech, and ClimateTech sectors.
WE-RISE is a Horizon Europe-funded initiative designed to empower women-led startups developing innovative and sustainable technological solutions in key green and climate sectors.
The second open call aims to select and support 20 women-led tech startups from EU Member States and Horizon Europe associated countries.
The event is scheduled to be held at the B&M Theocharakis Foundation Amphitheatre as part of the established series titled ‘Business Presentations of the Cypriot Economy’ in Greece.
This specific session is held under the auspices of the Embassy of Cyprus in Greece and the Cyprus Chamber of Commerce and Industry.
The event aims to provide the Greek business and investment community with comprehensive and reliable information regarding the changes made to the Cyprus tax system which became effective as of January 1, 2026.
The company said this milestone represents 500 per cent year-on-year growth, based on internal analytics drawn from its stablecoin-powered financial infrastructure platform for global businesses.
INXY’s performance comes amid a record year for the global stablecoin economy, as highlighted in a16z’s State of Crypto 2025 report.
According to the report, stablecoins exceeded $9 trillion in global transaction volume over the past 12 months on an adjusted basis, marking an increase of 87 per cent compared with a year earlier.