Trade, tourism and property most exposed to risks, says Central Bank

Businesses in trade, tourism and real estate, along with low-income households, remain the most vulnerable parts of the Cyprus economy in the face of geopolitical turbulence, inflationary pressures and higher energy costs, the Central Bank of Cyprus said.

Despite a significant improvement in the balance sheets of businesses and households, and an increase in bank lending, the Central Bank warned that the uncertain international environment continues to create risks to financial stability....