Cyprus GDP grows 3.5% in Q1

Construction marked the highest annual and quarterly gains, rising 10.2% and 4.9% respectively

16:10 - 03 June 2024

Retail trade turnover up both in value and volume in April

The Turnover Value Index increased by 6.5% y-o-y, while the Turnover Volume Index rose by an annual 5.3%

15:25 - 03 June 2024

Hadjimanolis in Athens for Posidonia 2024

The Deputy Minister of Shipping will be attending events and meetings, speaking in panels and hosting a reception

09:17 - 03 June 2024

General government fiscal results show annual surplus

Preliminary General Government fiscal results show an annual surplus of €665.2 mn (2.1% of GDP) for January-April 2024

07:56 - 03 June 2024

Industrial output index records annual decrease in April of 3.8%

The Index of Industrial Output Prices for April 2024 reached 121,6 units (base 2021=100), CySTAT reported

07:53 - 03 June 2024

Cypriots worked for 38.5 hours per week in 2023 according to Eurostat

In Cyprus, the longest working weeks were recorded in agriculture, forestry and fishing with 45.7 actual working hours

07:56 - 31 May 2024

Government achieved 13% implementation of development expenditure by April 2024

The figure marks a slight increase from the decade's average of 12%, according to the Treasury's relevant report

07:45 - 31 May 2024

Larnaca port-marina project is attracting foreign interest, Minister says

Transport, Communications and Works Minister Alexis Vafeades statements were later echoed by the Government Spokesman

07:40 - 31 May 2024

Industrial output up by an annual 3.4% in March

For the period January – March 2024, the index recorded an increase of 4.8% compared to the same period last …

14:15 - 30 May 2024

April deposits up for third month in row, loans decline

Total deposits recorded a net increase of €209.1m, while total loans recorded a net decrease of €278.6m in April

08:21 - 30 May 2024

Cabinet approves revised housing plans for remote areas

The plans also cover mountainous and disadvantaged regions, as well as certain rural areas, with allowances included

07:54 - 30 May 2024

Economic sentiment improves in May

Economic uncertainty also decreased, owing to lower uncertainty levels registered among consumers and firms

07:47 - 30 May 2024

Electricity Authority greenlights €45m infrastructure upgrade

Projects include the installation of new transmission substations, upgrading existing substations, and the installation of large transformers

14:17 - 29 May 2024

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Economy

Cyprus GDP grows 3.5% in Q1

Retail trade turnover up both in value and volume in April

Hadjimanolis in Athens for Posidonia 2024

General government fiscal results show annual surplus

Industrial output index records annual decrease in April of 3.8%

No discussion on a "velvet divorce" with CPP over LNG terminal, Christodoulides says

Energy Minister sees "some light on the horizon" regarding Vasiliko LNG terminal

Arsenio Dominguez: We need “early movers” in the industry as well as forward-looking policymakers

CCCI signs cooperation agreement with EU SME Centre

Electricity interconnection with third countries a priority for Cyprus, official says

Spokesman stresses Cyprus' commitment to responsible economics after IMF report

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