DBRS Morningstar confirms Cyprus at BBB, stable trend

DBRS Morningstar has confirmed the Republic of Cyprus’ Long-Term Foreign and Local Currency – Issuer Ratings at BBB and the …

08:12 - 03 April 2023

Cyprus unemployment at 7.3% in February

The seasonally-adjusted unemployment rate in Cyprus fell slightly to 7.3% in February 2023

16:20 - 31 March 2023

IMF anticipates Cyprus economic activity growth in 2024

An International Monetary Fund (IMF) mission has found that economic activity in Cyprus is anticipated to decelerate this year before …

13:31 - 31 March 2023

Eurostat: EU population to drop by 6% and Cyprus’ to rise to 1 million by 2100

The population of the EU is anticipated to decrease by 6% between 1 January 2022 and 1 January 2100, while …

08:52 - 31 March 2023

Hourly labour cost at €19.4 in Cyprus, below EU and eurozone average

In 2022, the average hourly labour costs in the whole economy were estimated to be 30.5 euro in the EU …

08:43 - 31 March 2023

Minister of Finance says financial economic policy will be in line with strict fiscal discipline

Minister of Finance, Makis Keravnos expressed the government's intention to implement an economic policy of strict fiscal discipline and financial …

11:40 - 29 March 2023

Special forms of tourism at meeting between Tourism Deputy Minister and German Ambassador

Special forms of tourism and the preferences of German citizens were discussed by Deputy Minister of Tourism Costas Koumis, and …

09:42 - 29 March 2023

Finance Ministry stresses importance of stable legislation for out of court auctions in tandem with insolvency framework

The Finance Ministry wants stable legislation regulating out of court auctions, in tandem with an effective insolvency framework in order …

08:18 - 29 March 2023

State Aid Control Commissioner expects Halloumi support plan from Agriculture Ministry

State Aid Control Commissioner Stella Michaelidou is waiting for a traditional Halloumi cheese marketing and production support plan from the …

08:04 - 29 March 2023

Energy Minister: Potential for regional cooperation in hydrogen transport in the Eastern Mediterranean

Energy Minister Giorgos Papanastasiou has drawn attention to the potential of the Eastern Mediterranean region to contribute to the diversification …

07:56 - 29 March 2023

CBC adopts climate-related risk considerations and SRI strategies

The Central Bank of Cyprus has adopted a number of climate-related risk considerations and Sustainable and Responsible Investment strategies, to …

13:04 - 28 March 2023

Deposits in Cyprus banks up by €357.1 million in February

Total deposits in February recorded a net increase of €357.1 million, compared with a net decrease of €583.8 million in …

08:54 - 28 March 2023

FinMin calls on banks to promote loan restructurings, maintain low interest rates and charges

Keravnos has called on banks to go ahead with loan restructurings, maintain low lending rates and bank charges, and to …

08:38 - 28 March 2023

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Economy

DBRS Morningstar confirms Cyprus at BBB, stable trend

Cyprus unemployment at 7.3% in February

IMF anticipates Cyprus economic activity growth in 2024

Eurostat: EU population to drop by 6% and Cyprus’ to rise to 1 million by 2100

Hourly labour cost at €19.4 in Cyprus, below EU and eurozone average

Industrial production down 0.9% y-o-y in January

KEDIPES to make €60 mn payment to the state for Q1 2023

Fifty-nine Halloumi/Hellim PDO certifications issued so far, Ministry of Agriculture says

Tax For All: Account activation process has begun for VAT payers

Economic sentiment in Cyprus improves slightly in March

CySEC: AUM of Collective Investments for the 4th quarter of 2022 reached €9.5bn

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