Cyprus Parliament approves state budget for 2024
07:59 - 21 Δεκεμβριου 2023
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Economy
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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 Δεκεμβριου 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 Δεκεμβριου 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 Δεκεμβριου 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 Δεκεμβριου 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 Δεκεμβριου 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 Δεκεμβριου 2023
The risk of inflow of NPLs cannot be ignored, CBC warns
In its Financial Stability Report for 2022, the CBC also projects that GDP growth will amount to 2.4%
07:44 - 19 Δεκεμβριου 2023
Businesses tell Labour Minister: “Solve staff shortages yesterday”
Six local business associations representing one fifth of the island’s workforce have joined forces
14:43 - 18 Δεκεμβριου 2023
Government to enhance primary sector's competitiveness Agriculture Minister says
According to Petros Xenophontos, the non-negotiable objective is to revitalise the rural population
08:12 - 18 Δεκεμβριου 2023
Cyprus requests two payments for €152m from Recovery & Resilience Mechanism
Cyprus’ new Recovery and Resilience Plan with a total budget of €1.22 billion includes 136 measures
07:49 - 18 Δεκεμβριου 2023
Labour cost up 5.6% in third quarter of this year
The Index serves as an indicator of inflationary pressure that may arise from developments in the labour market
16:25 - 15 Δεκεμβριου 2023
Cyprus' financing needs for 2024 at €1.3b
The Finance Ministry's PDMO said it will largely be covered by issuing a €1b EMNT bond
11:46 - 15 Δεκεμβριου 2023
Job vacancy rate at 2.9% in Q3
The number of job vacancies in the third quarter of 2023 increased by 33.8% y-o-y
07:55 - 15 Δεκεμβριου 2023
Commerce ministry co-organises business forum in Vienna
Representatives of 10 Cypriot companies participated, showcasing the local service sector's competitive advantages
07:14 - 15 Δεκεμβριου 2023
EC approves first amendment to Cyprus' CAP 2023-2027 strategy
The plan was submitted by the Ministry of Agriculture, Rural Development and Environment
12:53 - 14 Δεκεμβριου 2023
NPLs continued quarterly decline in Q3
NPLs dropped by a quarterly €95m in Q3, with the NPL coverage ratio with impairment forecasts stable at 50.3%
10:50 - 14 Δεκεμβριου 2023
FinMin welcomes newly-passed foreclosures framework
The Ministry said the debate around amendments to the foreclosures framework has now “been exhausted”
08:39 - 14 Δεκεμβριου 2023
Cyprus’ banks have second lowest deposit rates in EU
European Banking Authority report also showed that Cyprus had the EU's second highest return on equity at 26.3%
08:08 - 14 Δεκεμβριου 2023