Labour cost rises by an annual 6.1% in the second quarter of 2023

The figure is used as an indication of the inflationary pressure

08:04 - 18 September 2023

Halloumi makes up 20% of exports in first four months of 2023

The demand for halloumi cheese from foreign markets is on the rise, Agriculture Minister Xenophontos says

07:56 - 18 September 2023

FinMin voices concern about rising interest rates at Eurogroup

Makis Keravnos expressed concern over the impact the rise is having on the European economy

07:52 - 18 September 2023

Christodoulides

President does not rule out more measures to provide economic relief

Christodoulides said the government has already taken specific measures, and assesses the data as they develop daily

15:26 - 15 September 2023

Eurostat: Cyprus spending on fire protection down by 4.2%

General government expenditure on fire protection amounted to €34.5 million in 2021, the most recent data available

12:12 - 15 September 2023

Collage Maker-14-Sep-2023-08-53-AM-5720

FinMin: Room to narrow gap between deposit and lending rates

Makis Keravnos met with the Association of Cyprus Banks

08:55 - 14 September 2023

Cyprus slashes taxation on interest income to 17%

Finance Minister Makis Keravnos said the fiscal impact of the measure is estimated at €16 million

16:17 - 13 September 2023

Collage Maker-13-Sep-2023-01-15-PM-6750

Broad public sector employment up 1.2% y-o-y in second quarter

It was also up 0.8% compared with the previous quarter

13:14 - 13 September 2023

Excellence centres should channel research work into market, Hadjizacharias says

Seven of the 38 centres of excellence currently operatering in the EU are located in Cyprus

08:41 - 13 September 2023

Collage Maker-13-Sep-2023-08-49-AM-5516

Pensions to start being paid a month after reaching retirement age

It used to take five to six months after retirement to receive the first pensions

08:32 - 13 September 2023

Collage Maker-13-Sep-2023-08-19-AM-7364

European Commission allocates €31.7m aid for Turkish Cypriots

The assistance is given under the Aid Programme for the Turkish Cypriot community and reunification efforts

08:19 - 13 September 2023

Collage Maker-12-Sep-2023-03-44-PM-3506

How RIF’s PRE-SEED programme enabled Cypriot startups to take off

Innovative entrepreneurs share their experience and formula for success

07:08 - 13 September 2023

Collage Maker-12-Sep-2023-03-55-PM-5094

Municipalities plan to inject €1b in 300+ climate neutrality projects

The mayors are ready to submit their proposals for the actions and projects to the European Commission

15:54 - 12 September 2023

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