Herodotou: CBC initiatives to combat banking sector challenges

The Central Bank of Cyprus has undertaken initiatives towards helping Cyprus' transition into the future and the creation of an …

12:34 - 09 May 2023

ICPAC GM: Cyprus needs to revise its economic model

Cyprus needs to adjust to the new conditions and revise its economic model in order to survive in the current …

11:32 - 09 May 2023

P. Markou: A simpler and more functional tax system is needed

Pieris Markou, President of ICPAC, has emphasised the adoption of a more modern functional and simplified tax system, also underlining …

11:15 - 09 May 2023

President reveals that significant new investments are on the way

New major investments that will be announced over the coming period, the President of the Republic Nikos Christodoulides has announced, …

10:57 - 09 May 2023

Christodoulides: USA data on the sanctions in the hands of the AG - "Let's put an end to this issue"

President Nikos Christodoulides, during his address at the 13th Nicosia Economic Congress, has confirmed the receipt of the first package …

10:24 - 09 May 2023

Crucial CoLA meeting not getting off to best start

A crucial meeting between trade unions, employers’ federations and the Labour Minister to reach a compromise over the cost of …

09:46 - 05 May 2023

Zero VAT rate on basic daily goods comes into effect

The zero VAT rate on bread, milk, eggs, children's food, diapers, feminine hygiene products, and adult diapers came into effect …

09:26 - 05 May 2023

April inflation lowest in 21 months

Cyprus' inflation dropped 3.7% in April compared to the same month last year, registering the lowest reading of the last …

07:56 - 05 May 2023

FinMin revises 2023 growth rate slightly down to 2.8%

Cyprus revised slightly downwards its real GDP growth projection, amid the heightened uncertainty due to the war in Ukraine and …

07:46 - 05 May 2023

Household assets at €59.7b, debt at €20b in 2022

Household financial assets amounted to €59.7b in December 2022, while household debt totalled €20b, corresponding to 74% of Cyprus’ GDP

11:56 - 03 May 2023

UCY upgrades Cyprus growth projections

The University of Cyprus Economic Research Centre (ERC) has revised its Cyprus economy growth forecasts upwards for 2023 and 2024, …

11:11 - 03 May 2023

Cabinet decides zero VAT on bread, milk and other essentials

Finance Minister Makis Keravnos announced that the Cabinet decided for a zero VAT rate on a number of basic everyday …

09:27 - 03 May 2023

Deposits at €52b, loans at €25b in March

Total deposits reached €51.9 billion in March 2023, while total loans stood at €25.1 billion, according to the Central Bank …

09:06 - 03 May 2023

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Economy

Herodotou: CBC initiatives to combat banking sector challenges

ICPAC GM: Cyprus needs to revise its economic model

P. Markou: A simpler and more functional tax system is needed

President reveals that significant new investments are on the way

Christodoulides: USA data on the sanctions in the hands of the AG - "Let's put an end to this issue"

Larnaca Mayor: Development of former refineries area to begin within a year or two

Eurostat data shows price increase in oils - fats in Cyprus and EU are slowing down

13th Nicosia Economic Congress to take place

A total of 35 cheques bounced in April

13th Nicosia Economic Congress takes place on 9 May

DBRS: Cyprus’ growth to remain strong, fiscal outlook exposed to risks

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