Economy category powered by

Strong gains in turnover in administrative services, real estate and accommodation in Q2

The Turnover Value Index in the second quarter of 2024 registered strong gains in the sectors of administrative services and support service activities, in real estate and accommodation of food service, Cystat said.

The index for the second quarter showed annual gains in the sectors of administrative and support service activities with 11.3%, real estate activities with 10.5%, accommodation and food service activities 6.3% and information and communication activities 2.5%.

The sector of professional, scientific and technical activities declined by 1.9% compared to the corresponding quarter of 2023.

During the period January-June 2024, increases relative to the corresponding period of 2023 were observed in the Turnover Value Indices of administrative and support service activities 12.3%, accommodation and food service activities with 8.8%, information and communication with 8.5%, real estate activities with 3.6% and professional, scientific and technical activities with 0.8%.

Read More

Tango CFO Nati Toledo: Headquartering in Cyprus was the right decision
George Campanellas on the many attractive sectors for investment on offer in Cyprus
Demetris Tsiakkis: Cyprus’ real estate market exceeded €4b in 2024
George Chrysochos: Investments in urban apartments have the best returns
Alkis Simopoulos on the ease of doing business Cyprus
Panel discussion highlights Cyprus as a premier destination for High Net Worth Individuals
Alpha Bank's Kyriacos Michaelides highlights Cyprus as a destination for Affluent & HNWIs
Chief Scientist presents Cyprus as a growing hub for technology, innovation and digital transformation
Kornilios Korniliou: The 7th Doing Business in Cyprus Summit "underscores the immense potential of our bilateral relations"
Marios Tannousis: 2023 and 2024 were record years for foreign direct investment in Cyprus