Trade deficit down significantly by €1.18b in first 10 months of 2024

The trade deficit was €6,374.4m in January–October 2024 compared to €7,555.9m in the corresponding period of 2023

07:37 - 11 December 2024

Progress on energy tax negotiations provides balance says Finance Minister at Ecofin

Ministers at Ecofin were also informed about the progress in the negotiations on the reform of the customs union

07:34 - 11 December 2024

'Prometheus' to set sail in coming days, Minister says

Minister of Energy, Commerce and Industry George Papanastasiou says there are still details to be addressed

14:34 - 10 December 2024

President announces Interministerial Committee for pension system reform

The Committee will be chaired by the Labour Minister and include, among others officials, the Finance Minister

07:42 - 10 December 2024

Vehicle registrations down November, up for the the eleven month period

Despite the November dip, from January to November 2024, total motor vehicle registrations climbed 10.1% y-o-y

07:40 - 10 December 2024

Beer deliveries down 33% in November year-on-year

Total beer deliveries in November stood at 2.12 million litres compared to 3.16 million in the same period last year

07:53 - 09 December 2024

Finance Minister highlights importance of tax reform in efforts to strengthen the economy

Makis Keravnos also has said that reform is a crucial step towards achieving a fairer and more efficient tax system

07:46 - 09 December 2024

President and Finance Minister hail Fitch upgrade, pledge to continue sound policies

President Nikos Christodoulides described the upgrade as an acknowledgement of the country's positive course

07:40 - 09 December 2024

Transport Minister says 2024 already a record year in passenger traffic

Minister Alexis Vafeades has expressed his satisfaction with this year's passenger traffic results

07:38 - 09 December 2024

New study places Cyprus in second place among region's top three innovation economies

Cyprus moves up a place to 27th position in WIPO’s Global Innovation Index 2024

07:17 - 07 December 2024

Ronald Attard: Cyprus remains an attractive destination for foreign direct investments

The EY Attractiveness Forum 2024 was held on 4 December in Limassol

15:39 - 06 December 2024

Employment reached 507,323 persons in Q3 of 2024

The most significant increases were observed in the economic activities of Arts, Entertainment and Recreation

12:38 - 06 December 2024

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President anticipated to announce new projects during upcoming Tylliria - Polis tour

The Saturday, 7 December visit is part of the government’s policy to listen to society, the Government Spokesman says

11:29 - 06 December 2024

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Economy

Trade deficit down significantly by €1.18b in first 10 months of 2024

Progress on energy tax negotiations provides balance says Finance Minister at Ecofin

'Prometheus' to set sail in coming days, Minister says

President announces Interministerial Committee for pension system reform

Vehicle registrations down November, up for the the eleven month period

Consumer satisfaction reached 94.44%, Cyprus’ ECC says in 2023 annual report

USA and Cyprus reaffirm shared commitment to countering illicit finance

Cyprus lags behind on adult learning, re-skilling labour force, EU's ESDE report says

Panayiotou in Brussels for EU Council, to meet Commissioners Kadis and Hansen

President unveils €105m projects for Kato Pyrgos, Polis and Latchi

Finance Minister in Brussels for Eurogroup and Ecofin meetings

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