Economic sentiment deteriorated in April

Economic sentiment deteriorated in Cyprus this April, with the relevant indicator dropping 2.8 points compared with March 2023. The Consumer …

08:12 - 27 April 2023

Ship management revenue has continued to recover since pandemic

Revenue from Cyprus’ ship management industry continued its upward trend in the second half of 2022, reaching €648m, up by …

07:52 - 27 April 2023

Trade deficit reached €7,101.0m in 2022

The main partner country in imports for 2022 was Greece whereas the main partner country in exports of domestic goods …

15:28 - 26 April 2023

Deputy Minister of Tourism Koumis meets with UK strategic partners

Deputy Minister of Tourism Kostas Koumis has held a series of meetings with representatives of Cyprus’s “strategic partners” in London

08:06 - 26 April 2023

The Republic's debt interest rate risk is limited thanks to ESM, report says

The interest rate risk for the debt of the Republic of Cyprus is limited, despite the continuous rise in the …

07:49 - 26 April 2023

Cyprus recorded highest ever trade deficit in January-February

Cyprus recorded its highest ever trade deficit in January-February 2023, with Cystat figures showing that it increased by almost €1b …

11:00 - 21 April 2023

Hourly wages up in Cyprus but still below EU average

The average hourly wage and salary rose 7.5% last year compared to 2021, reaching €15.60/h. Though an improvement, it still …

08:16 - 21 April 2023

Key economic indicator records positive y-o-y growth

The Cyprus Composite Leading Economic Index recorded a positive y-o-y growth rate of 1.4% in March 2023, reversing the negative …

07:50 - 21 April 2023

Government will announce VAT reductions on essentials in coming days

In statements after a meeting at the Presidential Palace, Keravnos said a new European Commission directive allows member states to …

08:21 - 20 April 2023

Harmonised inflation at 6.1% in March

For the period January - March 2023, the HICP rose by 6.5% compared to the corresponding period of the previous …

07:58 - 20 April 2023

Annual inflation rate drops a monthly 0.6% in March - Eurostat

The annual inflation rate in Cyprus was 6.1% in March 2023, down from 6.7% a month earlier, according to data …

14:48 - 19 April 2023

Finance Minister calls on banks to contain lending rates for first-time homebuyers

Keravnos said the Ministry believes that at this critical economic juncture, the banks could to some extent absorb part of …

14:23 - 19 April 2023

Tourist arrivals up by 61% in Q1 2023

Tourist arrivals to Cyprus went up by 61% during the first quarter of 2023, reaching 393,893, compared to 244,705 in …

08:05 - 19 April 2023

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Economy

Economic sentiment deteriorated in April

Ship management revenue has continued to recover since pandemic

Trade deficit reached €7,101.0m in 2022

Deputy Minister of Tourism Koumis meets with UK strategic partners

The Republic's debt interest rate risk is limited thanks to ESM, report says

Antonis Antoniou re-elected to OEB helm

Antoniou and Paradisiotis battle it out over OEB presidency

New names on Forbes list of Cyprus billionaires

Supporting low and middle-income groups a priority, Government says

Fiscal surplus of €570.2 mn and fiscal debt of 86.5% of GDP for 2022

Construction materials prices up 8.15% in March y-o-y, slight monthly drop

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