Economy continues to record considerable growth, CBC Governor says

Christodoulos Patsalides says that during the first quarter of 2024, the growth rate exceeded forecasts

14:00 - 05 August 2024

Cypriots’ favourite travel destinations - From Greece and the UK to the USA and Italy

CySTAT figures indicate that the purpose of travel of Cypriot residents in June 2024 was mainly holidays at 64.6%

08:25 - 05 August 2024

Non-cash payments in Cyprus at €129 billion in 2nd half of 2023 up by 12% YoY

The rate of increase exceeded that of the euro area where the value declined by 7% and the volume of …

08:05 - 05 August 2024

Cyprus using new measures to tackle drought and heat, Agriculture Minister says

Panayiotou discussed measures to combat the prolonged heatwave, noting record temperatures in June and July

07:38 - 05 August 2024

No cover-up in Vasilikos investigation, President Christodoulides assures

President Christodoulides has stressed that nothing would be concealed regarding the issue

07:32 - 05 August 2024

Eurostat: Cyprus annual inflation at 2.6% in July

Eurozone annual inflation is also expected to be 2.6% this July, up from 2.5% the month before, while Cyprus' dropped

09:39 - 01 August 2024

Q1 private debt at 195% of GDP

Household debt stood at €19.6 billion at the end of March 2024

08:50 - 01 August 2024

A quarter of Cypriot workers could not afford a holiday in 2022, Eurostat data show

The figures for 2023 could be even worse following a record increase in the cost of holidays, according to ETUC

08:36 - 31 July 2024

Cyprus to launch tenders for LNG terminal

Energy Minister George Papanastasiou said the project should be completed one way or another,

07:53 - 31 July 2024

Real activity growth in Cyprus projected to gather momentum

Real GDP growth is forecast at 3.0% in 2024 and at 3.3% in 2025, said CypERC

15:18 - 30 July 2024

Revenue from tourism up in first five months, slight drop in May

For the period of January – May 2024, revenue from tourism is estimated at €751.2m compared to €728.6m last year

14:03 - 30 July 2024

Industrial production up 5.3% in first five months of year

An annual increase of 2.7% was recorded in the Industrial Production Index in May

12:27 - 30 July 2024

Eurostat: Cyprus’ rate of overqualified workers above EU average in 2023

In Cyprus, the overqualification rate for non-EU citizens in 2023 was 39.3% (-10.6 pp from 2022 and 49.9%)

09:14 - 30 July 2024

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Economy

Economy continues to record considerable growth, CBC Governor says

Cypriots’ favourite travel destinations - From Greece and the UK to the USA and Italy

Non-cash payments in Cyprus at €129 billion in 2nd half of 2023 up by 12% YoY

Cyprus using new measures to tackle drought and heat, Agriculture Minister says

No cover-up in Vasilikos investigation, President Christodoulides assures

The government’s €30m plans for Larnaca

Retail trade up significantly in June

Inflation decelerates in July after three months of increases

General Government records €424.5m surplus in H1

Industrial output prices down 2.4% y-o-y in June

Pure new loans up by €95.7m in June

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