Eurostat: Cyprus annual inflation at 2.6% in July

Eurozone annual inflation is also expected to be 2.6% this July, up from 2.5% the month before, while Cyprus' dropped

09:39 - 01 August 2024

Q1 private debt at 195% of GDP

Household debt stood at €19.6 billion at the end of March 2024

08:50 - 01 August 2024

A quarter of Cypriot workers could not afford a holiday in 2022, Eurostat data show

The figures for 2023 could be even worse following a record increase in the cost of holidays, according to ETUC

08:36 - 31 July 2024

Cyprus to launch tenders for LNG terminal

Energy Minister George Papanastasiou said the project should be completed one way or another,

07:53 - 31 July 2024

Real activity growth in Cyprus projected to gather momentum

Real GDP growth is forecast at 3.0% in 2024 and at 3.3% in 2025, said CypERC

15:18 - 30 July 2024

Development budget implementation rate at 22% at end-June

Development projects totalling €323,498,228, out of the total budgeted €1,489,204,940, have been implemented so far

08:24 - 29 July 2024

European Commission claims back €68.6m it contributed to Vasiliko project

Government has 30 days to respond with its positions, as it says it is fully cooperating in probe into how …

08:10 - 29 July 2024

33East’s Demetrios Zoppos: We expect to start Cyprus Equity Fund operations in the Autumn

The co-founder of 33East, the VC firm selected to steer the CEF’s capital is anticipating interest from more institutional investors

11:33 - 26 July 2024

Electricity market to open in July 2025, Energy Minister reveals

George Papanastasiou said this would mean that consumers would be able to choose their electricity supplier

10:12 - 26 July 2024

Any announcement on EPPO investigation into Vasilikos contract would have been considered interference, President says

Christodoulides also said the Republic of Cyprus did not intend to carry out its own investigation at this time

09:40 - 26 July 2024

The Republic of Cyprus provided consent under IF/OECD to the Pillar 2 safe harbour rules

Cyprus supports the OECD/G20 BEPS actions, work by the OECD/G20 and Inclusive Framework on BEPS in the international tax field

08:25 - 26 July 2024

Duration of working life in Cyprus at 39 years in 2023 according to Eurostat

People in Cyprus work for more years than the European average, new data has shown

07:52 - 26 July 2024

Commission calls Cyprus and 11 member states to harmonise with credit purchasers directive

Cyprus has also received a letter of formal notice to complete the transposition of the Bank Recovery and Resolution Directive

07:49 - 26 July 2024

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Economy

Eurostat: Cyprus annual inflation at 2.6% in July

Q1 private debt at 195% of GDP

A quarter of Cypriot workers could not afford a holiday in 2022, Eurostat data show

Cyprus to launch tenders for LNG terminal

Real activity growth in Cyprus projected to gather momentum

Revenue from tourism up in first five months, slight drop in May

Industrial production up 5.3% in first five months of year

Eurostat: Cyprus’ rate of overqualified workers above EU average in 2023

Tourist bookings on online platforms up 23.8% in Q1 2024

Contract signed for Paphos marina tender process

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