REPORTER MOBILE APP
Mείνετε συντονισμένοι με όλες τις εξελίξεις όπου και αν βρίσκεστε
1 Year Subscription €40
A crucial meeting between trade unions, employers’ federations and the Labour Minister to reach a compromise over the cost of living allowance has been overshadowed by the unions’ rejection of a mediation proposal
09:46 - 05 Μαΐου 2023
The zero VAT rate on bread, milk, eggs, children's food, diapers, feminine hygiene products, and adult diapers came into effect as of 5 May
09:26 - 05 Μαΐου 2023
Cyprus' inflation dropped 3.7% in April compared to the same month last year, registering the lowest reading of the last 21 months. Cystat said this was driven by reduced oil prices
07:56 - 05 Μαΐου 2023
Cyprus revised slightly downwards its real GDP growth projection, amid the heightened uncertainty due to the war in Ukraine and continued interest hikes, stressing however that the economy starts 2023 “from a strong position"
07:46 - 05 Μαΐου 2023
Household financial assets amounted to €59.7b in December 2022, while household debt totalled €20b, corresponding to 74% of Cyprus’ GDP
11:56 - 03 Μαΐου 2023
The University of Cyprus Economic Research Centre (ERC) has revised its Cyprus economy growth forecasts upwards for 2023 and 2024, by 0.4% and 0.3% respectively, projecting a growth rate of 3.0% in 2023 and 3.1% next year.
11:11 - 03 Μαΐου 2023
Finance Minister Makis Keravnos announced that the Cabinet decided for a zero VAT rate on a number of basic everyday goods, namely bread, milk, eggs, baby food, baby diapers, feminine hygiene products and adult diapers
09:27 - 03 Μαΐου 2023
Total deposits reached €51.9 billion in March 2023, while total loans stood at €25.1 billion, according to the Central Bank of Cyprus’ April 2023 edition of Monetary and Financial Statistics
09:06 - 03 Μαΐου 2023
The Turnover Value Index of Retail Trade for March 2023 increased by 10.9% compared to the same month last year, while the Turnover Volume Index of Retail Trade increased by 6.5% compared to March 2022
08:49 - 03 Μαΐου 2023
International rating agency Moody’s has described Cyprus as a “potential rising star” when it comes to boosting its credit rating in the investment category
13:30 - 02 Μαΐου 2023
In Cyprus, 9.7% of the workforce (7% in the EU) worked long hours (49h or more per week) in their main job in 2022, which was the third highest percentage among all member states
12:29 - 02 Μαΐου 2023
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
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 in Cyprus rose by 0.6% in February compared with the same period of last year, according to Cystat
08:26 - 28 Απριλιου 2023
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
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
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 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
