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

Cyprus Parliament approves state budget for 2024

37 members of the parliament voted in favour and 19 against

07:59 - 21 December 2023

Final day of 2024 state budget debate

The parties have prepared a number of amendments that will also be put to the plenary for approval or rejection

10:30 - 20 December 2023

Commission approves €70m Cypriot state aid scheme for agriculture

The aid will take the form of direct grants, at a maximum of €150,000 per year per beneficiary

08:46 - 20 December 2023

Harmonised inflation at 2.4% in November

Down 1.5% from October’s 3.6%, but up 4.1% in January-November compared to the same period of last year

08:41 - 20 December 2023

Invest Cyprus secures WAIPA regional steering committee directorship

The announcement was made during the 27th World Investment Conference held in India

10:48 - 19 December 2023

Government to further strengthen its support of Cyprus shipping, President says

President Christodoulides underlined that the state's primary goal is to attract foreign investments through shipping

10:19 - 19 December 2023

Tourist arrivals up 20.4% y-o-y in the period January-November 2023

Tourist arrivals in the period January - November 2023 amounted to 3,722,022, approaching the annual record of 2019

08:01 - 19 December 2023

Minerals up, metallic products down in Price Index of Construction Materials

The Price Index of Construction Materials for November 2023 reached 134.04 units (base year 2015=100)

07:58 - 19 December 2023

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Economy

Preliminary General Government fiscal results indicate surplus for 3Q

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

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

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

Cyprus and China to sign two new Cooperation Protocols

EC: Cyprus' fiscal position remains strong

Activities planned to improve financial literacy, says President

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

Road tax renewals for 2024 to begin 4 January

President welcomes approval of state budget

EIB delegation in Cyprus for signing of four loan agreements

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