CBC leaves projections for 2023 growth unchanged at 2.6%

In its June macroeconomic projections, it has marginally revised downwards its estimate for 2024 by 0.2% to 2.8%

08:31 - 22 June 2023

Government tête-à-tête with foreign investors

A very important round-table discussion is taking place today at the Presidential Palace, with over 20 foreign investors

08:15 - 22 June 2023

Cyprus drops five places in world competitiveness rankings

At 45th, Cyprus has reached its lowest position since its participation in the rankings

15:59 - 21 June 2023

Net Interest Income for Cyprus banks nearly doubles due to rising rates

The increase was driven by the ECB’s rising interest rates in a bid to contain inflation

08:12 - 21 June 2023

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Non-Performing Loans down by €105 million in Q1 2023

The ratio of NPLs to total loans dropped to 9%, from 9.5% at the end of the last quarter

08:04 - 21 June 2023

KEDIPES: €1b repaid to the state so far

The Cyprus Asset Management Company has repaid €1b of the state aid received by the former Co-op

15:02 - 19 June 2023

Fitch affirms Cyprus at 'BBB'; outlook stable

It also said that asset quality in the banking sector continued to improve, with the NPL rate dropping to 9.3% …

09:03 - 19 June 2023

Cyprus employment under the microscope

The labour force of Cyprus has reached 492,230 people, a figure equivalent to 65.6% of the population

08:55 - 19 June 2023

Annual inflation rate in Cyprus drops to 3.6% in May

The annual inflation rate for the month was 3.6% in Cyprus, 6.1% in the eurozone and 7.1% in the EU

14:59 - 16 June 2023

President underlines reforms towards an innovative economic model for Cyprus

He said comprehensive reforms may establish Cyprus as a player in the future digital economy

12:20 - 16 June 2023

Broad public sector employment sees modest growth in Q1

Employment in the Broad Public Sector rose by a modest 274 persons (0.4%) in the first quarter of 2023 y-o-y

09:02 - 16 June 2023

ESM on Cyprus: Risks to debt constrained

Report highlights strong growth of Cypriot economy, partially due to smaller-than-expected impact from war in Ukraine

08:27 - 16 June 2023

International investment community in Cyprus in October to explore Investment Funds

Cyprus will be hosting two major events related to the rapidly growing Mutual Funds sector

08:27 - 16 June 2023

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Economy

CBC leaves projections for 2023 growth unchanged at 2.6%

Government tête-à-tête with foreign investors

Cyprus drops five places in world competitiveness rankings

Net Interest Income for Cyprus banks nearly doubles due to rising rates

Non-Performing Loans down by €105 million in Q1 2023

100 days in office: President underlines need for targeted social measures for a strong economy

FinMin and CBC Governor highlight need for financial stability

Tourist arrivals in Cyprus up by 33% annually in May

Tourism Deputy Minister heads CCCI delegation to Kazakhstan

Cyprus advances against financial crimes, challenges persist, Moneyval says

Eurostat: 93% of general government gross debt in Cyprus held by non-residents

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