Egypt an important partner in the region, Energy Minister says

European officials have repeatedly underscored the importance of Egypt's political and economic stability

07:44 - 01 July 2024

man-putting-gasoline-fuel-into-his-car-pump-gas-station

Fuel sales in Cyprus decline marginally in May

According to data published by CySTAT, total fuel sales in May amounted to 122,359 tonnes, 0.2% year on year drop

08:02 - 28 June 2024

Industrial production rises by an annual 8.2% in April

For the period January – April 2024, the index recorded an increase of 5.9% compared to the respective 2023 period

08:00 - 28 June 2024

Economic sentiment in June improves slightly

The increase was driven by stronger consumer confidence and a small pickup in business confidence in services

07:59 - 28 June 2024

Total loans and deposits show increase in May

Total deposits in May recorded a net increase of €925.7m while total loans recorded a net increase of €70.2m

07:55 - 28 June 2024

Particularities of island states should be respected, Agriculture Minister says

The Conclusions on the future of agriculture in the EU were not adopted due to disagreements raised by some member …

10:52 - 26 June 2024

Decision on Great Sea Interconnector after study is received, Energy Minister says

The implementing body, IPTO is expected to deliver the study at the end of June - beginning of July

07:52 - 26 June 2024

Turnover Value Index in Motor Vehicles up by 15.7% in Q12024

Motor vehicle sales also increased by 20% in the first quarter, compared to the first quarter of 2023

07:47 - 26 June 2024

Tesla and Samsung interested in electricity storage in Cyprus, Minister says

George Papanastasiou also outlined the government’s strategy to reduce the electricity prices in Cyprus

07:45 - 26 June 2024

"Significant benefits" for Cyprus from EIB local office, Finance Ministry says

Finance Minister Keravnos offered to temporarily host EIB staff at the Ministry, until a permanent office is secured

07:31 - 25 June 2024

Invest Cyprus discusses business and investment ties with India’s High Commissioner

They focused on enhancing collaboration in key areas such as innovation, R&D, and bolstering the start-up ecosystem

11:45 - 21 June 2024

European Semester report on Cyprus outlines competitiveness challenges

The European Semester approach aims to enhance the competitiveness of the EU’s economies

12:05 - 20 June 2024

Cabinet approves extension of measures to compensate high living costs

The measures take fiscal conditions and challenges as well as the summer climate conditions on the island into account

08:13 - 20 June 2024

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Economy

Egypt an important partner in the region, Energy Minister says

Fuel sales in Cyprus decline marginally in May

Industrial production rises by an annual 8.2% in April

Economic sentiment in June improves slightly

Total loans and deposits show increase in May

Examination of third country nationals’ work permits sped up, Minister says

An economy of growth and high potential

KEDIPES begins approvals for mortgage-to-rent eligible borrowers

Cyprus requests targeted review of its Recovery and Resilience Plan from the Commission

EIB head to inaugurate Bank’s offices in Cyprus in the Autumn

There are risks from use of illegal platforms and imitations, EUIPO official warns

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