Cyprus: Third highest rate of people working long hours in EU
12:29 - 02 Μαΐου 2023
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CI Ratings: Cyprus’ sovereign ratings affirmed; outlook remains stable
Capital Intelligence Ratings announced that it has affirmed Cyprus’ Long-Term Foreign Currency Rating and Short-Term Foreign Currency Rating at ‘BBB-’ and ‘A3’, respectively. The Outlook on the ratings remains Stable
10:37 - 02 Μαΐου 2023
Fuel sales down 6.7% y-o-y in March
Total sales of sales of petroleum products amounted to 111,817 tonnes in March, recording a decrease of 6.7% compared to March of 2022, according to Cystat
12:50 - 28 Απριλιου 2023
Industrial production rose 0.6% in February
Industrial production in Cyprus rose by 0.6% in February compared with the same period of last year, according to Cystat
08:26 - 28 Απριλιου 2023
NPLs rose slightly in January
Non-performing loans (NPLs) rose by €12.8m in January compared with December 2022, reaching €2.32b or 9.5% of total loans, according to data released by the Central Bank of Cyprus (CBC)
08:09 - 28 Απριλιου 2023
Keravnos heads to Stockholm for Eurogoup and Ecofin meetings
Finance Minister Makis Keravnos will take part in the informal meetings of the Euro Area Finance Ministers (Eurogroup) and EU Finance Ministers (Ecofin) on 28-29 April in Stockholm
08:01 - 28 Απριλιου 2023
Herodotou: Bank system stable with strong cash flow
Central Bank of Cyprus (CBC) Governor Constantinos Herodotou told a panel discussion that Cyprus’ banking system was now stable with one of the highest liquidity levels in the EU, and was not under any particular threat
10:32 - 27 Απριλιου 2023
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 Confidence Indicator also decreased
08:12 - 27 Απριλιου 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 25.6% year on year. Throughout 2022, revenue from ship management totalled €1.22b
07:52 - 27 Απριλιου 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 was Lebanon
15:28 - 26 Απριλιου 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 Απριλιου 2023
Antonis Antoniou re-elected to OEB helm
Antonis Antoniou has been re-elected Chairman of the Cyprus Employers and Industrialists Federation (OEB) at its annual general meeting in Nicosia
11:56 - 25 Απριλιου 2023
Antoniou and Paradisiotis battle it out over OEB presidency
The Cyprus Employers and Industrialists Federation will elect its new Chairman; the Chairman of Vassiliko Cement Works and Managing Director of Paradisiotis Group are the two main contenders
09:21 - 25 Απριλιου 2023
New names on Forbes list of Cyprus billionaires
Some new names have been added near the top of the list of billionaires with Cypriot citizenship included in prestigious US business magazine Forbes’ most recent ranking of The World’s Billionaires
07:12 - 25 Απριλιου 2023
Supporting low and middle-income groups a priority, Government says
Supporting the vulnerable and low and middle-income groups is a priority, Government Spokesperson Konstantinos Letymbiotis has said.
07:59 - 24 Απριλιου 2023
Fiscal surplus of €570.2 mn and fiscal debt of 86.5% of GDP for 2022
The Statistical Service has announced a fiscal surplus of €570.2 mn, which corresponds to 2.1% of GDP and a fiscal debt of €23,371.1 mn, which corresponds to 86.5% of GDP.
16:15 - 21 Απριλιου 2023
Construction materials prices up 8.15% in March y-o-y, slight monthly drop
Construction materials prices were up by 8.15% on an annual basis this March but recorded a slight drop compared to the previous month, data released by the Cyprus Statistical Service
15:44 - 21 Απριλιου 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 compared with the same period last year. This was attributed to a staggering 127% increase in imports
11:00 - 21 Απριλιου 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 remains significantly lower than the EU average
08:16 - 21 Απριλιου 2023