Q1 tourism revenue up 11.7% y-o-y

Revenue from tourism reached an estimated €223.3m in January–March 2024, compared to €200m in Q1 of 2023

13:58 - 10 June 2024

Total employment in Cyprus rises by an annual 2.2% in Q1 2024

According to CySTAT, of the total 474,587 persons, 425,090 were employees and 49,497 were self-employed

08:35 - 10 June 2024

Deputy Ministry of Tourism introduces "Historic Hotels of Cyprus" label

Through the action, the Deputy Ministry aims to improve the image of Cyprus as a tourist destination

08:32 - 10 June 2024

Fitch upgrade a vote of confidence in the Cypriot economy, the President says

Fitch Ratings has upgraded Cyprus's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BBB+' from 'BBB'

08:29 - 10 June 2024

Famagusta hoteliers optimistic about bookings following FTI collapse

There is optimism, but it also seems that we are somewhat behind in bookings compared with 2023, the hoteliers said

08:26 - 10 June 2024

ECB reduces interest rates for the first time since 2019

The European Central Bank has cut interest rates by 25 basis points, as was widely expected by analysts

16:24 - 06 June 2024

Cyprus accelerating green transition amid energy sector challenges, Minister says

Energy Minister Papanastasiou notes that Europe’s energy and climate targets were becoming increasingly ambitious

11:16 - 06 June 2024

Energy use in EU households down in 2022, while continuing to rise in Cyprus

In Cyprus, out of a total of 15.1 thousand terajoules in 2022, about 5.6 thousand went to heating homes

08:06 - 06 June 2024

Cyprus' registered unemployment down 21.2% in May, reaching historic lows

The number of unemployed persons in Cyprus stood at 8,159 at the close of May 2024

08:03 - 06 June 2024

Industrial turnover down 4.4% in March 2024, CySTAT says

In manufacturing, the Industrial Turnover Index reached 130.2 units, marking a 1.5% decrease compared to March 2023

08:01 - 06 June 2024

Cyprus government commits to safeguard Halloumi as PDO and top export

President Christodoulides met with representatives from the Cheese Makers, Cattle Farmers and Goat and Sheep Farmers' associations

12:42 - 05 June 2024

Number and value of bounced cheques drop in May

The latest financial data for May 2024 indicates a substantial reduction in the number of bounced cheques

08:20 - 05 June 2024

EU approves Cyprus request for support in gendered state budget preparation

The aim is to reduce poverty and gender inequalities and promote economic development and equal participation

08:17 - 05 June 2024

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Economy

Q1 tourism revenue up 11.7% y-o-y

Total employment in Cyprus rises by an annual 2.2% in Q1 2024

Deputy Ministry of Tourism introduces "Historic Hotels of Cyprus" label

Fitch upgrade a vote of confidence in the Cypriot economy, the President says

Famagusta hoteliers optimistic about bookings following FTI collapse

Cyprus Seeds 2024 Innovation Showcase: Transforming Cyprus' innovation landscape for the future

Passenger traffic at Cypriot airports exceeds one million in May

Tourism Deputy Minister satisfied with predicted inflow of UK visitors in 2024

Cyprus facing power strain as unseasonal heatwave drives demand

Inflation in May records a six-month high at 2.7%

EU Commissioner: There is a clear commitment to dedicating €1.6b to the maritime sector by 2030

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