Inflation drops in first half of 2024 compared to previous semester

The Consumer Price Index, excluding consumption tax increases, reached 112.41 points from January - June 2024

08:09 - 10 July 2024

CBC officials present advantages of the digital euro

Central Bank Governor Christodoulos Patsalides noted that the Eurosystem is considering launching a digital currency

08:07 - 10 July 2024

Employment in the broad industrial sector records 3% annual increase in 2022

Employment in the broad industrial sector increased in 2022 by 3% to 42,100 according to CySTAT's findings

07:58 - 10 July 2024

EAC should have the ability to offer low electricity prices, Energy Minister says

Papanastasiou also announced the arrival to Cyprus of competitive electricity markets was anticipated in July 2025

07:55 - 10 July 2024

IPTO to present new data on Great Sea Interconnector to Cyprus Regulatory Authority

The Independent Power Transmission Operator of Greece (IPTO) has been invited to RAEK on Monday, 15 July

07:46 - 10 July 2024

Industrial Turnover Index up by 11.1% in April y/o/y

In manufacturing, the Industrial Turnover Index for April 2024 reached 137.7 units, recording an increase of 13.8%

07:42 - 08 July 2024

Inflation continues upward trend at 2.9% in June

The new figures continue the upward trend that started in April and reaching its highest value since October 2023

11:00 - 05 July 2024

roundtable 2024 Cypriot business community

Government discusses energy, connectivity, outward-looking approach at business community roundtable

Eleven Ministers and Deputy Ministers as well as other officials and civil servants took part in the roundtable discussion

10:01 - 05 July 2024

Bad cheques for €13,048 written in June

Ten entities were registered on the preliminary CIR in June 2024, six legal entities and four natural persons

08:26 - 05 July 2024

Minister concerned that Brussels might withdraw €657m subsidy for energy project

Papanastasiou said the European Commission has already reacted following CERA's decision to reject IPTO's charging proposal

08:16 - 05 July 2024

Corporation loans for over €1 million up 10% in May, despite increase on rate

The Central Bank of Cyprus has released statistics on interest rates applied by monetary financial institutions in Cyprus

08:14 - 05 July 2024

Commission receives Cyprus' third payment request for €89.2 million in grants

The Commission said that Cyprus' third payment request, received on 4 July, concerns 12 milestones and 4 targets

08:11 - 05 July 2024

Completion of LNG terminal in Vasilikos a priority, Energy Minister says

Papanastasiou said that the energy sector in Cyprus faces many challenges, mainly isolation and very high costs

08:08 - 05 July 2024

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Economy

Inflation drops in first half of 2024 compared to previous semester

CBC officials present advantages of the digital euro

Employment in the broad industrial sector records 3% annual increase in 2022

EAC should have the ability to offer low electricity prices, Energy Minister says

IPTO to present new data on Great Sea Interconnector to Cyprus Regulatory Authority

Papanastasiou: The contract with CPP for the terminal is terminated as soon as ‘Prometheus’ is delivered to Cyprus

Industry-leading companies sponsoring FIBA EuroBasket 2025

Agriculture Minister announces new decree on milk quota for PDO Halloumi

Motor vehicles registrations up 19.2% in the first half of 2024, year on year

President Christodoulides announces a 2025 budget surplus

Ice cream, holidays and hotels cost more in June

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