CCLEI down 0.9% in February, indicates slowdown of Cypriot economy but no recession

The Cyprus Composite Leading Economic Index recorded a year-over-year decrease of 0.9% in February 2023

14:52 - 22 March 2023

CBC Governor calls on banks to provide loan restructurings and assess deposit rates data

Herodotou asked Chief Operating Officers of Cypriot-based banks to provide timely loan restructurings and reassess their data concerning deposit interest …

07:50 - 22 March 2023

Xenophontos: Measures to support farmers necessary to counter effects of Russian invasion

Minister for Agriculture Petros Xenophontos has stressed the need for medium and long-term measures to support farmers so they can …

12:18 - 21 March 2023

RIF offering businesses €6m under “Research in Enterprises” programme

Priority will be given to businesses without prior significant participation in research, technological development and innovation projects

09:18 - 21 March 2023

Construction materials up 10.73% in February year-on-year

Compared to January 2023, the index recorded an increase of 0.06%

08:23 - 21 March 2023

ESM and IMF pleased with Cyprus economy’s performance

The Senior Advisor to the ESM’s Chief Economist, Wim Van Aken, along with IMF’s mission chief for Cyprus, Wojciech Maliszewski, …

11:14 - 20 March 2023

Harmonised inflation dropped for seventh month running in February

In January-February 2023, the HICP rose by 6.8% compared with the corresponding period of the previous year

10:30 - 20 March 2023

UBS Chairman: Acquisition attractive for UBS, but an emergency rescue nonetheless

UBS Chairman Colm Kelleher said the acquisition of Credit Suisse is an attractive investment for the company’s shareholders, but above …

09:30 - 20 March 2023

UBS agrees 'emergency rescue' of Credit Suisse

Troubled bank Credit Suisse has been rescued by its Swiss rival UBS in a government-backed deal.

08:12 - 20 March 2023

Tourist arrivals rise by 65.6% year on year in February

Tourist arrivals in February amounted to 119,081 marking an increase of 65.6% year on year, the Statistical Office of Cyprus …

07:57 - 20 March 2023

US law firm lodges complaint against Credit Suisse

Complaint claims bank made false and misleading statements in annual report

08:30 - 18 March 2023

CySEC launches policy on the full implementation of the EU crowdfunding regulation

CySEC has made public a policy statement on the application in Cyprus of an EU regulation on crowdfunding

11:13 - 17 March 2023

Most freight transport in Cyprus takes place by sea

Maritime freight transport dominated in Cyprus, accounting for 97.8% in 2021. Road and air transport followed way behind with 2.1% …

09:08 - 17 March 2023

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Economy

CCLEI down 0.9% in February, indicates slowdown of Cypriot economy but no recession

CBC Governor calls on banks to provide loan restructurings and assess deposit rates data

Xenophontos: Measures to support farmers necessary to counter effects of Russian invasion

RIF offering businesses €6m under “Research in Enterprises” programme

Construction materials up 10.73% in February year-on-year

GEM Cyprus Report: One in two Cypriots considers it easy to start a business

Relief over Credit Suisse rescue short-lived as bank shares sink

CySEC participates in Global Money Week 2023

Labour cost rose 3.8% in Q4 2022

Cyprus’ international lenders begin 14th post-programme review

New development aims to strengthen EAC network by 72MW over five years

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