Economy

CBC Governor: Cyprus to record above euro area average growth in 2023

The Cyprus economy is expected to grow by 2.5% in 2023, well above the euro area average of 0.5%

08:08 - 08 March 2023

Gender pay gap narrower in rural areas in EU and Cyprus

Cyprus is sixth when it comes to the overall gender gap, both when it comes to cities as well as rural areas, with both percentages being above 6%

11:58 - 07 March 2023

Volume of retail trade up 1.1% in January compared to December

In December 2022, the retail trade volume had decreased by 0.2% in Cyprus

08:38 - 07 March 2023

Bounced cheques increase in February

The value of the cheques had increased to €101,065 from €59,817 in January 2023, and €93,811 in February 2022

08:03 - 07 March 2023

February inflation up by 6.7%

Inflation was up by a monthly 6.7% in February, with the Consumer Price Index (CPI) increasing by 0.87 to 112.88 units

14:56 - 06 March 2023

CBC: Deposit interest down, loan rates up in January

The interest rate on deposits rose in January compared with a month before, as interest on new loans dropped, according to the Central Bank of Cyprus (CBC)

11:35 - 06 March 2023

Registered unemployed persons reached 16,597 in February

Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for February 2023 increased to 14,206 persons compared with 14,116 the previous month

09:34 - 06 March 2023

Industrial Turnover Index up 14.8% y-o-y in December

The Industrial Turnover Index reached 177.3 units (base 2015=100) in December, recording an increase of 14.8% compared to December 2021

08:56 - 06 March 2023

Cyprus scores 94.4 in World Bank's Women, Business and the Law index

Cyprus has scored 94.4 out of 100 in the World Bank's Women, Business and the Law index for 2023.

08:24 - 06 March 2023

Cyprus Fiscal Council and CYFA sign Memorandum of Cooperation

The Cyprus Fiscal Council and the Cyprus Fiduciary Association (CYFA) have signed a MoC with the aim of exchanging views and jointly promoting the study and analysis of issues of mutual interest.

16:01 - 03 March 2023

Total sales of petroleum products down by 1.5% yoy in January

Total sales of petroleum products amounted to 110,756 tonnes in January 2023, recording a drop of 1.5% compared to January 2022, according to data published by the Cyprus Statistical Service.

08:00 - 03 March 2023