National Bank Of Greece (Cyprus) Introduces Innovative Fixed-Term Deposit Product

Stable Returns In An Uncertain Market

The National Bank of Greece (Cyprus) has unveiled a new fixed-term deposit option designed to cater to investors seeking predictability in an ever-evolving financial landscape. With transparent terms and assured returns, the product emphasizes stability—a critical asset in turbulent economic times.

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Clear Terms And Guaranteed Returns

Investors have the opportunity to select either a six-month or nine-month deposit period, offering fixed interest rates of 1.50% and 1.35% respectively, applicable to deposits starting from €75,000. This approach provides customers with clarity from the onset, ensuring that their financial planning is both precise and reliable.

Strategic Financial Planning

In a rapidly changing economic environment, the bank’s announcement underscores the importance of secure and predictable financial choices. By offering guaranteed returns, the National Bank of Greece (Cyprus) helps its clientele achieve a more controlled and forward-thinking investment strategy, enabling long-term financial security amidst market uncertainties.

A Product Designed For Modern Investors

With its commitment to combining transparency and stability, the new fixed-term deposit not only meets the current market demand for predictable returns but also reinforces the bank’s reputation as a reliable financial partner. Its clear terms and established interest rates provide an effective tool for investors aiming to secure a stable future.

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Foreign Firms Contribute €3.5 Billion To Cyprus Economy In 2023

by THEFUTURE.TEAM

November 12, 2025

Recent Eurostat data reveals that Cyprus remains an outlier within the European Union, where foreign-controlled companies contribute minimally to the nation’s employment figures and economic output. While these enterprises have a substantial impact in other member states, in Cyprus they account for only 10 percent of all jobs, a figure comparable only to Italy and marginally higher than Greece’s 8 percent.

Employment Impact

The report highlights that foreign-controlled companies in Cyprus employ 32,119 individuals out of a total workforce that, across the EU, reaches 24,145,727. In contrast, countries such as Luxembourg boast a 45 percent job share in foreign-controlled firms, with Slovakia and the Czech Republic following closely at 28 percent.

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Economic Output Analysis

In terms of economic contribution, these enterprises generated a total value added of €3.5 billion in Cyprus, a small fraction compared to the overall EU total of €2.39 trillion. Notably, Ireland leads with 71 percent of its value added stemming from foreign-controlled firms, followed by Luxembourg at 61 percent and Slovakia at 50 percent. On the lower end, France, Italy, Greece, and Germany exhibit values below 20 percent.

Domestic Versus Foreign Ownership

The data underscores Cyprus’s heavy reliance on domestically controlled enterprises for both employment and economic output. However, it is important to note that certain businesses might be owned by foreign nationals who have established companies under Cypriot jurisdiction. As a result, these firms are classified as domestically controlled despite having foreign ownership or management components.

Conclusion

This analysis emphasizes the unique role that foreign-controlled enterprises play within the Cypriot economy. While their overall impact is limited compared to some EU counterparts, the presence of these companies continues to contribute significantly to the island’s economic landscape.

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