P. Markou: A simpler and more functional tax system is needed
11:15 - 09 Μαΐου 2023
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President reveals that significant new investments are on the way
New major investments that will be announced over the coming period, the President of the Republic Nikos Christodoulides has announced, addressing the 13th Nicosia Economic Congress
10:57 - 09 Μαΐου 2023
Christodoulides: USA data on the sanctions in the hands of the AG - "Let's put an end to this issue"
President Nikos Christodoulides, during his address at the 13th Nicosia Economic Congress, has confirmed the receipt of the first package of information from the USA in relation to the sanctions imposed on Cypriot legal entities and natural persons
10:24 - 09 Μαΐου 2023
Larnaca Mayor: Development of former refineries area to begin within a year or two
Larnaca Mayor Andreas Vyras has confirmed that Seveso II Directive status, indicating an area was contaminated by dangerous substances, no longer applies to the seafront area that housed oil and gas refineries
08:43 - 09 Μαΐου 2023
Eurostat data shows price increase in oils - fats in Cyprus and EU are slowing down
The prices for oils and fats increased by 27% in March 2023 compared to March 2022 in Cyprus
07:45 - 09 Μαΐου 2023
13th Nicosia Economic Congress to take place
The 13th Nicosia Economic Congress will be held at the Hilton Nicosia this morning to examine the current state of the Cyprus economy and its future prospects
07:00 - 09 Μαΐου 2023
A total of 35 cheques bounced in April
A total of 35 bounced cheques were registered in the Central Information Registry (CIR) for bad cheques in April, the Central Bank of Cyprus has announced
16:25 - 08 Μαΐου 2023
13th Nicosia Economic Congress takes place on 9 May
The 13th Nicosia Economic Congress, which takes place on 9 May at the Hilton Nicosia, will examine the current state of the Cyprus economy and its future prospects.
14:36 - 05 Μαΐου 2023
DBRS: Cyprus’ growth to remain strong, fiscal outlook exposed to risks
While Cyprus’ economic growth is expected to remain strong, the economic and the fiscal outlooks are exposed to significant downside risks, DBRS Morningstar said in a Commentary on the country’s new Stability Programme
12:01 - 05 Μαΐου 2023
Crucial CoLA meeting not getting off to best start
A crucial meeting between trade unions, employers’ federations and the Labour Minister to reach a compromise over the cost of living allowance has been overshadowed by the unions’ rejection of a mediation proposal
09:46 - 05 Μαΐου 2023
Zero VAT rate on basic daily goods comes into effect
The zero VAT rate on bread, milk, eggs, children's food, diapers, feminine hygiene products, and adult diapers came into effect as of 5 May
09:26 - 05 Μαΐου 2023
April inflation lowest in 21 months
Cyprus' inflation dropped 3.7% in April compared to the same month last year, registering the lowest reading of the last 21 months. Cystat said this was driven by reduced oil prices
07:56 - 05 Μαΐου 2023
FinMin revises 2023 growth rate slightly down to 2.8%
Cyprus revised slightly downwards its real GDP growth projection, amid the heightened uncertainty due to the war in Ukraine and continued interest hikes, stressing however that the economy starts 2023 “from a strong position"
07:46 - 05 Μαΐου 2023
Household assets at €59.7b, debt at €20b in 2022
Household financial assets amounted to €59.7b in December 2022, while household debt totalled €20b, corresponding to 74% of Cyprus’ GDP
11:56 - 03 Μαΐου 2023
UCY upgrades Cyprus growth projections
The University of Cyprus Economic Research Centre (ERC) has revised its Cyprus economy growth forecasts upwards for 2023 and 2024, by 0.4% and 0.3% respectively, projecting a growth rate of 3.0% in 2023 and 3.1% next year.
11:11 - 03 Μαΐου 2023
Cabinet decides zero VAT on bread, milk and other essentials
Finance Minister Makis Keravnos announced that the Cabinet decided for a zero VAT rate on a number of basic everyday goods, namely bread, milk, eggs, baby food, baby diapers, feminine hygiene products and adult diapers
09:27 - 03 Μαΐου 2023
Deposits at €52b, loans at €25b in March
Total deposits reached €51.9 billion in March 2023, while total loans stood at €25.1 billion, according to the Central Bank of Cyprus’ April 2023 edition of Monetary and Financial Statistics
09:06 - 03 Μαΐου 2023
Retail trade value up a yearly 10.9% in March
The Turnover Value Index of Retail Trade for March 2023 increased by 10.9% compared to the same month last year, while the Turnover Volume Index of Retail Trade increased by 6.5% compared to March 2022
08:49 - 03 Μαΐου 2023
Moody’s: Cyprus a “potential rising star” for credit rating boost
International rating agency Moody’s has described Cyprus as a “potential rising star” when it comes to boosting its credit rating in the investment category
13:30 - 02 Μαΐου 2023