Key economic indicator records positive y-o-y growth
07:50 - 21 Απριλιου 2023
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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 reduce VAT rates in specific categories of products up to 0%
08:21 - 20 Απριλιου 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 published by Eurostat
14:48 - 19 Απριλιου 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 the increase in interest rates with barely any impact on them
14:23 - 19 Απριλιου 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 the corresponding period of 2022, according to data published by the Cyprus Statistical Service
08:05 - 19 Απριλιου 2023
BoC, first bank in Cyprus and Greece to receive ECB’s approval to pay dividends
The Bank of Cyprus has become the first bank in Cyprus and Greece to receive approval from the European Central Bank (ECB) to pay dividends
10:33 - 18 Απριλιου 2023
Marios Tannousis appointed new CEO of Invest Cyprus
The country’s investment promotion agency, Invest Cyprus, has appointed Marios Tannousis as its new CEO
12:11 - 13 Απριλιου 2023
Credit Suisse rescue package rejected by Swiss parliament
Switzerland's parliament has rejected the government's $120.82b cash injection for Credit Suisse's merger with UBS, leaving the collapsed bank's hastily arranged rescue without a largely symbolic parliamentary blessing
11:18 - 13 Απριλιου 2023
Cyprus to revoke three investor citizenships
The Council of Ministers decided to revoke the citizenships of three persons and their families, Government Spokesman, Konstantinos Letymbiotis announced
09:20 - 13 Απριλιου 2023
Inflow of tourists for Easter holidays as Cyprus gears up for summer season
Cyprus has registered tourist inflow mainly for Great Britain, Poland, Austria and Scandinavia, during the Catholic Easter holidays, while the island’s tourist industry is preparing for the summer season
07:48 - 13 Απριλιου 2023
IMF: Cyprus to maintain high surplus with debt dropping below 60% by 2028
Cyprus is set to maintain sizeable fiscal and primary surpluses that will maintain public debt on a downward path which is estimated to drop below the 60% limit of the Maastricht criteria by 2028, IMF has said
16:16 - 12 Απριλιου 2023
IMF maintains Cyprus’ economic growth at 2.5%
The International Monetary Fund has maintained its projection for Cyprus’ economic growth in 2023 at 2.5% of GDP
07:56 - 12 Απριλιου 2023
Eurostat: Cyprus had highest increase in retail trade volume in February
In February 2023, the seasonally adjusted volume of retail trade increased by 1.6% in Cyprus compared with January 2023, and by 8.3% compared with February 2022, according to estimates from Eurostat
15:48 - 11 Απριλιου 2023
23.2% YoY growth in Egypt-Cyprus trade exchange for 2022
Trade exchange between Egypt and Cyprus grew by 23.2% to $85 million in 2022 from $69 million in 2021
09:03 - 11 Απριλιου 2023
Government stepping up effort to introduce natural gas to domestic market
Energy Minister Giorgos Papanastasiou said the new government is stepping up efforts to introduce natural gas to the country, from fields in the region as well as those of Cyprus’ Exclusive Economic Zone
09:28 - 10 Απριλιου 2023
Services output increase by 6.6% in 2022 OEB says
The output of the Services sector in Cyprus marked an annual increase of 6.6% in 2022, driven mainly by the hotels and restaurants sector
07:44 - 10 Απριλιου 2023