Commission receives Cyprus' third payment request for €89.2 million in grants
08:11 - 05 Ιουλιου 2024
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Economy
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Completion of LNG terminal in Vasilikos a priority, Energy Minister says
Papanastasiou said that the energy sector in Cyprus faces many challenges, mainly isolation and very high costs
08:08 - 05 Ιουλιου 2024
President outlines goal for a healthy fiscal environment before the business community
He noted that when the country's economy is doing well, the government could implement a targeted social policy
08:03 - 05 Ιουλιου 2024
Balance of payments and IIP improved, net external debt down in Q1 2024
The current account balance improved, with the deficit decreasing from €1,881.7m in Q1 2023, to €890.2m, in Q1 2024
07:49 - 04 Ιουλιου 2024
European Commission approves request for targeted review of Cyprus Recovery Plan
According to a Commission press release, the proposed changes are narrow in scope and technical in nature
08:16 - 03 Ιουλιου 2024
Cyprus granted 5-year period to comply with PDO Halloumi specifications
The Ministry of Agriculture will also issue a decree regarding the quotas for sheep-goat milk and cow's milk
08:12 - 03 Ιουλιου 2024
President announces €10m budget increase for Deputy Ministry of Tourism
President Nikos Christodoulides also unveiled a five-year plan designed to mitigate seasonality in the tourism sector
08:08 - 03 Ιουλιου 2024
Greek energy regulator approves regulated income formula on Great Sea Interconnector
So far, the Great Sea Interconnector has been granted financing by the EU Connecting Europe Facility amounting to €657m
07:54 - 03 Ιουλιου 2024
Cyprus retail trade turnover grows in May
The Turnover Value Index for the retail sector increased by 4.5% compared to May of the previous year
07:58 - 02 Ιουλιου 2024
CBC maintains countercyclical buffer rate at 1%
The Central Bank of Cyprus has decided to maintain the countercyclical buffer (CCyB) at its existing level
07:56 - 02 Ιουλιου 2024
Tourism revenue up 5.5% in first four months of 2024
For the period from January to April 2024, tourism revenue is estimated at €440.7 million
07:54 - 02 Ιουλιου 2024
Fiscal surplus reaches €591 million in first five months of 2024
The figure shows a significant rise compared to the surplus of €322.7 m recorded in the same period of 2023
07:51 - 02 Ιουλιου 2024
Number of students in Cyprus has doubled in the last 10 years, Minister says
The Minister noted in recent decades the development of the university education sector in Cyprus has been significant
08:16 - 01 Ιουλιου 2024
Industrial output prices down by 2.5% on a yearly basis in May
For the period January-May 2024, the index showed a decrease of 3.2% compared to the corresponding 2023 period
08:03 - 01 Ιουλιου 2024
Tourist arrivals at 3.85 million in 2023, up by 20.1% on annual basis
The United Kingdom was the most important source of tourism for Cyprus, with a share of 33.9% of total tourist traffic
07:55 - 01 Ιουλιου 2024
Egypt an important partner in the region, Energy Minister says
European officials have repeatedly underscored the importance of Egypt's political and economic stability
07:44 - 01 Ιουλιου 2024
Industrial production rises by an annual 8.2% in April
For the period January – April 2024, the index recorded an increase of 5.9% compared to the respective 2023 period
08:00 - 28 Ιουνιου 2024
Examination of third country nationals’ work permits sped up, Minister says
The Minister noted that the process now lasts less than two months compared to five months in the past
07:52 - 28 Ιουνιου 2024
An economy of growth and high potential
The facts and figures are proving the naysayers wrong, as the country’s enduring growth continues
07:03 - 28 Ιουνιου 2024