Many Cypriots abroad for the New Year, ACTA President says

The numbers for Cypriots’ trips abroad “will be slightly higher than in 2019 before the pandemic, Papacharalambous says

12:36 - 28 December 2023

The districts of Cyprus that attract the most tourists

There was an increased flow of tourists concerning both arrivals to Cyprus and the trips Cypriot residents take abroad

09:35 - 28 December 2023

How the €320m expansion of Limassol Port - Terminal 2 (Vasiliko) will be carried out

Based on the environmental study, the preliminary budget of the entire project amounts to €320 million

08:59 - 28 December 2023

EU imports 397k tonnes of spices from third countries in 2022, 38% from China

The weight of the spices imported from the extra-EU countries increased by more than half (+57%)

08:34 - 28 December 2023

Temporary measures taken to protect Cypriot ships from Houthis' attacks

A relevant Information Circular was issued on 27 December to inform the shipping industry about the temporary measures

08:07 - 28 December 2023

Preliminary General Government fiscal results indicate surplus for 3Q

The preliminary General Government fiscal results indicate a surplus of €720m for the period of July-September 2023

09:10 - 27 December 2023

GDP expected to rise in 2024-2026, unemployment and inflation to fall

The Macroeconomic Forecasts of the Central Bank of Cyprus in December 2023 for the Cypriot Economy has been released

09:02 - 27 December 2023

CERA suggests Cyprus' competitive electricity market will be launched in Autumn 2025

Challenges persist, including the staffing of the Cyprus CTSO with personnel dedicated to the operation of the competitive market

08:36 - 27 December 2023

Revenue from tourism reached €2,439.2m in 2022, with arrivals up 86%

The local tourism industry recovered strongly following the two pandemic years, according to Cystat figures

09:54 - 22 December 2023

Cyprus and China to sign two new Cooperation Protocols

The agreement is for the export of Cypriot fishery and fish farming products as well as honey to China

07:46 - 22 December 2023

EC: Cyprus' fiscal position remains strong

Commission says in Autumn report that the island can still service its debts, though it needs a framework for NPLs

07:38 - 22 December 2023

Activities planned to improve financial literacy, says President

He said the issue of financial illiteracy is a problem that we have to face as a society

13:42 - 21 December 2023

Labour Ministry: Non-payment of 13th salary is a criminal offence

It said non-payment of the 13th salary was therefore a criminal offence and the employer can be prosecuted

12:29 - 21 December 2023

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Economy

Many Cypriots abroad for the New Year, ACTA President says

The districts of Cyprus that attract the most tourists

How the €320m expansion of Limassol Port - Terminal 2 (Vasiliko) will be carried out

EU imports 397k tonnes of spices from third countries in 2022, 38% from China

Temporary measures taken to protect Cypriot ships from Houthis' attacks

Composite Leading Economic Index records y-o-y increase of 1.8% in November

Deputy Minister optimistic Cyprus’ role in maritime will be further strengthened

Philip Baker: Globalisation has amplified the significance of international tax issues

Average gross monthly earnings of employees up by 6.2% in Q3, 2023

Christmas shoppers focus more on supermarkets, less on clothing and footwear

The Cyprus economy – 2023 in review, forecasts for 2024

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