CBC projects GDP growth at 2.6%, 3.1%, 3.2% in years 2024-2026

Governor Herodotou said "the implementation of reforms and the emphasis on sustainable growth are key factors

08:31 - 01 March 2024

Tourism revenue up 29% in December y-o-y

It reached €74.3m in December 2023 compared to €57.6m in the corresponding month of the previous year

08:02 - 01 March 2024

EIB's Kakouris: No new financing request for Great Sea Interconnector

The government said it intends to participate in the project with €100m, but a due diligence report is pending

07:42 - 01 March 2024

Central Banks of Cyprus and Greece to sign Memorandum of Cooperation

Relations between the Central Bank of Cyprus (CBC) and the Bank of Greece (BoG) are expected to enter a new …

15:01 - 29 February 2024

Cyprus receives greater EIB support in 2023, with heavy focus on green investments

Cyprus gained financial commitments last year from the EIB Group totalling €257 million, up from €250 million in 2022

14:42 - 29 February 2024

The price of olive oil increased by 49% in Cyprus in January

The rise in price in Cyprus was the highest price hike for this particular product recorded to date in the …

08:00 - 28 February 2024

Eurostat: Energy from renewables in heating - cooling drops slightly in Cyprus

Among member states, Sweden led the way when it came to renewables in heating and cooling in 2022

07:53 - 28 February 2024

Total deposits reach €51.9 billion, loans €24.7 billion in January

The Central Bank released the Monetary Financial Institutions (MFIs) deposits and loans statistics for January 2024

16:20 - 27 February 2024

Total petroleum sales down in January, petrol station sales up

In January, the total sales of petroleum products amounted to 109,710 tonnes, recording a decrease of 0.9%

14:50 - 27 February 2024

Economic sentiment shows decrease in February according to CypERC

The decrease was driven by lower confidence among consumers and weaker business confidence in all sectors except construction

13:36 - 27 February 2024

Best time for rate cut may be end of first semester - ECB's Stournaras

European Central Bank policymaker Yannis Stournaras has suggested the "optimal timing" for the first rate cut

12:03 - 27 February 2024

Maria Panayiotou: For green transition to be effective, it needs to offset side effects

The Minister was attending the Agriculture and Fisheries Council held in Brussels

08:00 - 27 February 2024

Cyprus and Greek Agriculture Ministers agree on cracking down on counterfeit Cypriot potatoes

The Greek authorities will be immediately mobilised when counterfeit “Cypriot” potatoes are found on the market

07:44 - 27 February 2024

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Economy

CBC projects GDP growth at 2.6%, 3.1%, 3.2% in years 2024-2026

Tourism revenue up 29% in December y-o-y

EIB's Kakouris: No new financing request for Great Sea Interconnector

Central Banks of Cyprus and Greece to sign Memorandum of Cooperation

Cyprus receives greater EIB support in 2023, with heavy focus on green investments

Industrial production in Cyprus up 2.4% in 2023

Implementation of development expenditure at 1% in January

FinMin and Research Dep. Minister agree to cooperate to promote digital transition

Yoshio Yamawaki: It is important to make Japanese companies aware of Cyprus’ advantageous FDI environment

Keravnos’ message to lawyers and accountants: “We should all be pushing to establish the supervisory authority”

Energy Minister attends Investopia 2024 in Abu Dhabi

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