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Cyprus needs to adjust to the new conditions and revise its economic model in order to survive in the current environment, Kyriakos Iordanou, the General Manager of ICPAC said addressing the 13th Nicosia Economic Congress
11:32 - 09 May 2023
Pieris Markou, President of ICPAC, has emphasised the adoption of a more modern functional and simplified tax system, also underlining the need for legal reforms and measures towards sustainable development to continue
11:15 - 09 May 2023
New major investments that will be announced over the coming period, the President of the Republic Nikos Christodoulides has announced, addressing the 13th Nicosia Economic Congress
10:57 - 09 May 2023
President Nikos Christodoulides, during his address at the 13th Nicosia Economic Congress, has confirmed the receipt of the first package of information from the USA in relation to the sanctions imposed on Cypriot legal entities and natural persons
10:24 - 09 May 2023
Larnaca Mayor Andreas Vyras has confirmed that Seveso II Directive status, indicating an area was contaminated by dangerous substances, no longer applies to the seafront area that housed oil and gas refineries
08:43 - 09 May 2023
The prices for oils and fats increased by 27% in March 2023 compared to March 2022 in Cyprus
07:45 - 09 May 2023
The 13th Nicosia Economic Congress will be held at the Hilton Nicosia this morning to examine the current state of the Cyprus economy and its future prospects
07:00 - 09 May 2023
A total of 35 bounced cheques were registered in the Central Information Registry (CIR) for bad cheques in April, the Central Bank of Cyprus has announced
16:25 - 08 May 2023
The 13th Nicosia Economic Congress, which takes place on 9 May at the Hilton Nicosia, will examine the current state of the Cyprus economy and its future prospects.
14:36 - 05 May 2023
While Cyprus’ economic growth is expected to remain strong, the economic and the fiscal outlooks are exposed to significant downside risks, DBRS Morningstar said in a Commentary on the country’s new Stability Programme
12:01 - 05 May 2023
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 May 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 May 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 May 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 May 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 May 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 May 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 May 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 May 2023
