Trade deficit down by 17% due to decline in value of imports

According to CySTAT, total imports of goods in January–July 2024 recorded a decrease of 129%

07:47 - 10 September 2024

Motor vehicles sales up by 16% in January – August, rising share of EV/ hybrid cars

The share of electric cars rose from 2,4% in 2023 to 3.3% in 2024 and of hybrid cars from 27.5% …

07:44 - 10 September 2024

Monitoring Committee on Halloumi to meet by end-September, Minister says

A decree stipulates the quota for goat and sheep milk in the Halloumi mixture will increase from 1 February, 2025, …

07:37 - 10 September 2024

Stakeholders gathering in Nicosia to discuss GSI's future

Concerns remain over the Cyprus-Greece electrical interconnection project which aims to end Cyprus’ electricity isolation

07:25 - 10 September 2024

Damianou met with Indian investors interested in doing business in Cyprus

The Deputy Minister was in New Delhi on an official visit, where he held a series of meetings

11:25 - 09 September 2024

The priorities Cyprus' MEPs have set for the economy

Five of Cyprus' six MEPs recently revealed the priorities they have set to champion the island's economy in Europe

07:13 - 07 September 2024

Employment and hours worked up by an annual 2.1% and 2.3% in Q2

The number of people working during the 2nd quarter of 2024 is estimated at 484,308

15:05 - 06 September 2024

Cyprus inflation slows to 1.5% in August

The Consumer Price Index (CPI) for August 2024 increased by 0.37 points, reaching 118.10 compared to 117.73 in July

08:18 - 06 September 2024

Olive oil and potatoes see biggest annual price increase in August

The price of olive oil increased by 62% in August 2024 compared to August 2023, and potatoes increased by 29%

08:16 - 06 September 2024

Human Resource Development Authority presents study on green jobs in Cyprus

Minister Panagiotou said that green transition requires continuous investments in the upgrading of human resources

08:11 - 06 September 2024

Authorities in process of recovering benefits given during the pandemic, says Labour Minister

The money borrowed by the Republic of Cyprus from the Social Insurance Fund (SIF) amounts to about €10.5 billion

08:07 - 06 September 2024

Euripides Loizides: Paphos will become a year-round tourist destination in the coming years

"Paphos has the scope for winter tourism and it may well turn into a year-round destination," the Hoteliers Association President …

08:03 - 06 September 2024

There must be no ambiguity on the electricity interconnection, President says

A meeting of all parties involved in the issue will be taking place in Cyprus on Tuesday, 10 September

07:38 - 06 September 2024

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Economy

Trade deficit down by 17% due to decline in value of imports

Motor vehicles sales up by 16% in January – August, rising share of EV/ hybrid cars

Monitoring Committee on Halloumi to meet by end-September, Minister says

Stakeholders gathering in Nicosia to discuss GSI's future

Damianou met with Indian investors interested in doing business in Cyprus

Agriculture Minister attends Informal EU Council in Budapest

Cyprus will continue to apply proper controls in entry points, FinMin says

Progress on renewables and natural gas overdue, Ambassador Fisher says on Cyprus

President announces tour around country, starting from rural areas

Cyprus registers the third highest annual growth rate in the EU for Q2 2024

Mitsotakis: Electricity interconnection with Cyprus to proceed if financially viable

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