'Vision 2035' for the Cypriot economy to be updated

The Strategy comprises of a set of actions, reforms and institutional changes for the Cypriot economy

08:03 - 03 July 2024

Greek energy regulator approves regulated income formula on Great Sea Interconnector

So far, the Great Sea Interconnector has been granted financing by the EU Connecting Europe Facility amounting to €657m

07:54 - 03 July 2024

Cyprus retail trade turnover grows in May

The Turnover Value Index for the retail sector increased by 4.5% compared to May of the previous year

07:58 - 02 July 2024

CBC maintains countercyclical buffer rate at 1%

The Central Bank of Cyprus has decided to maintain the countercyclical buffer (CCyB) at its existing level

07:56 - 02 July 2024

Tourism revenue up 5.5% in first four months of 2024

For the period from January to April 2024, tourism revenue is estimated at €440.7 million

07:54 - 02 July 2024

Egypt an important partner in the region, Energy Minister says

European officials have repeatedly underscored the importance of Egypt's political and economic stability

07:44 - 01 July 2024

man-putting-gasoline-fuel-into-his-car-pump-gas-station

Fuel sales in Cyprus decline marginally in May

According to data published by CySTAT, total fuel sales in May amounted to 122,359 tonnes, 0.2% year on year drop

08:02 - 28 June 2024

Industrial production rises by an annual 8.2% in April

For the period January – April 2024, the index recorded an increase of 5.9% compared to the respective 2023 period

08:00 - 28 June 2024

Economic sentiment in June improves slightly

The increase was driven by stronger consumer confidence and a small pickup in business confidence in services

07:59 - 28 June 2024

Total loans and deposits show increase in May

Total deposits in May recorded a net increase of €925.7m while total loans recorded a net increase of €70.2m

07:55 - 28 June 2024

Examination of third country nationals’ work permits sped up, Minister says

The Minister noted that the process now lasts less than two months compared to five months in the past

07:52 - 28 June 2024

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An economy of growth and high potential

The facts and figures are proving the naysayers wrong, as the country’s enduring growth continues

07:03 - 28 June 2024

KEDIPES begins approvals for mortgage-to-rent eligible borrowers

Lambros Papadopoulos, President of KEDIPES said applications submitted by borrowers so far amount to 2,092

12:12 - 27 June 2024

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Economy

'Vision 2035' for the Cypriot economy to be updated

Greek energy regulator approves regulated income formula on Great Sea Interconnector

Cyprus retail trade turnover grows in May

CBC maintains countercyclical buffer rate at 1%

Tourism revenue up 5.5% in first four months of 2024

Fiscal surplus reaches €591 million in first five months of 2024

Number of students in Cyprus has doubled in the last 10 years, Minister says

Industrial output prices down by 2.5% on a yearly basis in May

Annual increase of 5.7% in average gross monthly employee earnings in Q1 2024

Tourist arrivals at 3.85 million in 2023, up by 20.1% on annual basis

DBRS revises Cyprus growth to 2.7% in 2024 and 2.5% in 2025

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