Current account deficit widens to €0.52 billion in Q3

07:50 - 08 January 2024

Growing Cyprus University of Technology to introduce Shipping Department

The newly established CUT department aims to strengthen Limassol as a leading ship management centre

06:16 - 06 January 2024

George Syrichas: The objectives of the tax reform and how it is progressing

The economist and CypERC advisor provides an update on the efforts to upgrade Cyprus' tax system

06:14 - 06 January 2024

Christos Christoudias comments on fare increases and delays in the supply chain

The Managing Director of Christoudias Logistics notes that Cyprus cannot remain unaffected by international events

11:14 - 05 January 2024

Unemployed at an 8-month high in December, but also 13-year low based on seasonal data

Unemployed persons, registered at the District Labour Offices on the last day of December 2023, reached 13,670

07:48 - 05 January 2024

Paphos hotel occupancy at 35% - 40% in December 2023

Occupancy increased during the three days of Christmas and New Year, reaching up to 80% - 85%

08:40 - 03 January 2024

Tassos Yiasemides: Economic challenges to intensify in 2024

Economist and management consultant at KPMG Cyprus, Tassos J. Yiasemides, suggests what we can expect in the new year

08:30 - 03 January 2024

Kissonerga: First substantial step taken towards creation of marina

Actual construction work on the project is not anticipated to begin before the end of 2025

08:14 - 03 January 2024

Rise in value and volume of retail trade in November 2023

The Retail Trade Turnover Value Index increased by 5.7% compared to the same month in the year 2022

07:52 - 03 January 2024

Deposits and loans in Cypriot banks increase in November 2023

Total deposits in November 2023 recorded a net increase of €91.7 million

07:49 - 03 January 2024

New minimum 15% taxation rate for multinationals in EU comes into force

The new framework aims to bring greater fairness and stability to the tax landscape in the EU

07:45 - 03 January 2024

New EU rules to combat cross-border VAT fraud, particularly online, enter into force

The new rules provide EU member tax administrations with payment information to detect VAT fraud more easily

07:39 - 03 January 2024

Passenger traffic rebounds in 2023, breaking 2019 record

During 2023, a total of 157 routes were offered by 56 airlines, providing connectivity between Cyprus and 39 countries

07:38 - 02 January 2024

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Economy

Current account deficit widens to €0.52 billion in Q3

Growing Cyprus University of Technology to introduce Shipping Department

George Syrichas: The objectives of the tax reform and how it is progressing

Christos Christoudias comments on fare increases and delays in the supply chain

Unemployed at an 8-month high in December, but also 13-year low based on seasonal data

Inflation fell to a four-month low to 1.6% in December 2023

CSC's Kazakos sounds the alarm over Houthi pirate threat to the global supply chain

Halloumi cheese production as PDO uncertain ahead of producers' meeting with Christodoulides

Economic sentiment in Cyprus deteriorated in December 2023 says CypERC

Top recognition for Cyprus ESG bond from Global Capital - "Cyprus stole the show"

International rating agencies announce Cyprus’ credit ratings milestones for 2024

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