Harmonised inflation stable at 3% in June

Compared to June 2023, the largest positive changes were noted in Housing, Water, Electricity, Gas and Other Fuels

15:53 - 17 July 2024

CAP must aim to ensure fair incomes for producers, Panayiotou stressed in Brussels

Minister for Agriculture Maria Panayiotou spoke during the Agriculture and Fisheries Council of the EU

07:46 - 17 July 2024

Turnover value index in Transport and storage drops by 1.9% in Q1 2024

The index amounted to 115 units in the first quarter of the year compared with 117.3 in the respective quarter …

07:44 - 17 July 2024

Ukraine must remain a top priority, FinMin tells Ecofin

Makis KLeravnos was speaking in Brussels during a meeting of the Economic and Financial Affairs Council of the EU

07:41 - 17 July 2024

New €35.8m phase of Nicosia Perimeter Motorway announced

The estimated value of phase B3 is estimated at €35.8m and tenders will be accepted until 11am on 20 September

08:21 - 16 July 2024

Minister receives electricity interconnection study, agencies to give their positions in two months

George Papanastasiou said the preliminary views of the agencies that will assess the study will be given in two months

08:14 - 12 July 2024

Government employment up 4.8% in H1

In June 2024, total government employment reached 54,153 persons

08:08 - 12 July 2024

ACTE: Revenue from tourism reduced taking inflation into account

In 2001 there were 2.7 million tourists and revenue of €2b; in 2023, arrivals reached 3.8 million, and revenue €2.9b

07:47 - 12 July 2024

Official data show increase of economic activity in all sectors in 2022

Regarding the value added at current prices, the Services and Transport Survey recorded increases in all sectors

07:07 - 12 July 2024

Seasonality leading to €25m loss this year, PASYXE President estimates

Thanos Michaelides has stressed the necessity of extending the tourist season and keeping more units open year-round

14:40 - 11 July 2024

Moody's upgrades Bank of Cyprus' long-term deposit ratings to Baa1

The outlook on its long-term deposit and senior unsecured debt ratings has been changed to stable, from positive

12:27 - 11 July 2024

Commissioner Urpilainen: “Global Gateway and working together as Team Europe can open doors for smaller Member States"

Commissioner for International Partnerships Jutta Urpilainen is due to visit the island on 11 July

07:31 - 11 July 2024

Trade deficit widens in May, declines over five months amid decreased exports

The total trade deficit for the month stood at €693.4 million, compared to €578.2 million in May 2023

07:22 - 11 July 2024

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Economy

Harmonised inflation stable at 3% in June

CAP must aim to ensure fair incomes for producers, Panayiotou stressed in Brussels

Turnover value index in Transport and storage drops by 1.9% in Q1 2024

Ukraine must remain a top priority, FinMin tells Ecofin

New €35.8m phase of Nicosia Perimeter Motorway announced

Cyprus closing in on first ‘A’ Fitch rating in 13 years

Minister asks for EU support for efforts to revitalise Cypriot countryside

Finance Minister in Brussels for Eurogroup and Ecofin

Ministries presenting flagship actions for 2025 state budget

Invest Cyprus participates in 'Cyprus as a Destination of Opportunities for Indian Businesses' webinar

House approves €8.4m supplementary budget for Larnaca port

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