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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 May 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 May 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 May 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 April 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 April 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 April 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 April 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 April 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 April 2023
Revenue from Cyprus’ ship management industry continued its upward trend in the second half of 2022, reaching €648m, up by 25.6% year on year. Throughout 2022, revenue from ship management totalled €1.22b
07:52 - 27 April 2023
The main partner country in imports for 2022 was Greece whereas the main partner country in exports of domestic goods was Lebanon
15:28 - 26 April 2023
Deputy Minister of Tourism Kostas Koumis has held a series of meetings with representatives of Cyprus’s “strategic partners” in London
08:06 - 26 April 2023
The interest rate risk for the debt of the Republic of Cyprus is limited, despite the continuous rise in the base interest rates of the Central Banks, due to the loan from the European Stability Mechanism
07:49 - 26 April 2023
Antonis Antoniou has been re-elected Chairman of the Cyprus Employers and Industrialists Federation (OEB) at its annual general meeting in Nicosia
11:56 - 25 April 2023
The Cyprus Employers and Industrialists Federation will elect its new Chairman; the Chairman of Vassiliko Cement Works and Managing Director of Paradisiotis Group are the two main contenders
09:21 - 25 April 2023
Some new names have been added near the top of the list of billionaires with Cypriot citizenship included in prestigious US business magazine Forbes’ most recent ranking of The World’s Billionaires
07:12 - 25 April 2023
Supporting the vulnerable and low and middle-income groups is a priority, Government Spokesperson Konstantinos Letymbiotis has said.
07:59 - 24 April 2023
The Statistical Service has announced a fiscal surplus of €570.2 mn, which corresponds to 2.1% of GDP and a fiscal debt of €23,371.1 mn, which corresponds to 86.5% of GDP.
16:15 - 21 April 2023
