Tourism revenue surges 8.3% in October, 22.6% in 10-month period

Tourism revenue for the period amounted to €2,802.6 million, marking a substantial 22.6% increase

07:57 - 08 January 2024

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New lending in Cyprus close to €3 billion in first 11 months of 2023

Corporate new loans over €1 million amounted to €99.7 million, marking an annual increase of 12.4%

07:55 - 08 January 2024

Cypriot deposits remain low despite small rises

Cypriot banks provided the lowest interest on corporate deposits and the third lowest rates on deposits by households

07:52 - 08 January 2024

Current account deficit widens to €0.52 billion in Q3

07:50 - 08 January 2024

Growing Cyprus University of Technology to introduce Shipping Department

The newly established CUT department aims to strengthen Limassol as a leading ship management centre

06:16 - 06 January 2024

Economic sentiment in Cyprus deteriorated in December 2023 says CypERC

The decrease was driven by weaker business confidence primarily in services and, to a lesser degree, in construction

07:30 - 04 January 2024

Top recognition for Cyprus ESG bond from Global Capital - "Cyprus stole the show"

London-based international capital market expert Global Capital has recognised Cyprus’ first ESG bond issue

14:42 - 03 January 2024

International rating agencies announce Cyprus’ credit ratings milestones for 2024

Two agencies, namely Standard and Poor’s and Fitch have placed the economy’s rating on track for upgrade

12:39 - 03 January 2024

Paphos hotel occupancy at 35% - 40% in December 2023

Occupancy increased during the three days of Christmas and New Year, reaching up to 80% - 85%

08:40 - 03 January 2024

Tassos Yiasemides: Economic challenges to intensify in 2024

Economist and management consultant at KPMG Cyprus, Tassos J. Yiasemides, suggests what we can expect in the new year

08:30 - 03 January 2024

Kissonerga: First substantial step taken towards creation of marina

Actual construction work on the project is not anticipated to begin before the end of 2025

08:14 - 03 January 2024

Rise in value and volume of retail trade in November 2023

The Retail Trade Turnover Value Index increased by 5.7% compared to the same month in the year 2022

07:52 - 03 January 2024

Deposits and loans in Cypriot banks increase in November 2023

Total deposits in November 2023 recorded a net increase of €91.7 million

07:49 - 03 January 2024

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Economy

Tourism revenue surges 8.3% in October, 22.6% in 10-month period

New lending in Cyprus close to €3 billion in first 11 months of 2023

Cypriot deposits remain low despite small rises

Current account deficit widens to €0.52 billion in Q3

Growing Cyprus University of Technology to introduce Shipping Department

George Syrichas: The objectives of the tax reform and how it is progressing

Christos Christoudias comments on fare increases and delays in the supply chain

Unemployed at an 8-month high in December, but also 13-year low based on seasonal data

Inflation fell to a four-month low to 1.6% in December 2023

CSC's Kazakos sounds the alarm over Houthi pirate threat to the global supply chain

Halloumi cheese production as PDO uncertain ahead of producers' meeting with Christodoulides

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