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In statements after a meeting at the Presidential Palace, Keravnos said a new European Commission directive allows member states to reduce VAT rates in specific categories of products up to 0%
08:21 - 20 April 2023
The annual inflation rate in Cyprus was 6.1% in March 2023, down from 6.7% a month earlier, according to data published by Eurostat
14:48 - 19 April 2023
Keravnos said the Ministry believes that at this critical economic juncture, the banks could to some extent absorb part of the increase in interest rates with barely any impact on them
14:23 - 19 April 2023
Tourist arrivals to Cyprus went up by 61% during the first quarter of 2023, reaching 393,893, compared to 244,705 in the corresponding period of 2022, according to data published by the Cyprus Statistical Service
08:05 - 19 April 2023
Cyprus Ministry of Finance has launched a tender with an estimated value of €2 million aiming to acquire services for the modernisation and reform of the outdated Companies Law, aiming to improve the economy’s competitiveness and the ease of doing business
08:01 - 19 April 2023
The Bank of Cyprus has become the first bank in Cyprus and Greece to receive approval from the European Central Bank (ECB) to pay dividends
10:33 - 18 April 2023
Penalty issued over company’s failure, among other, to implement policies and procedures to monitor the activities of its Tied Agent in Spain, CySEC says
15:50 - 13 April 2023
The country’s investment promotion agency, Invest Cyprus, has appointed Marios Tannousis as its new CEO
12:11 - 13 April 2023
Switzerland's parliament has rejected the government's $120.82b cash injection for Credit Suisse's merger with UBS, leaving the collapsed bank's hastily arranged rescue without a largely symbolic parliamentary blessing
11:18 - 13 April 2023
The Council of Ministers decided to revoke the citizenships of three persons and their families, Government Spokesman, Konstantinos Letymbiotis announced
09:20 - 13 April 2023
Cyprus has registered tourist inflow mainly for Great Britain, Poland, Austria and Scandinavia, during the Catholic Easter holidays, while the island’s tourist industry is preparing for the summer season
07:48 - 13 April 2023
Cyprus is set to maintain sizeable fiscal and primary surpluses that will maintain public debt on a downward path which is estimated to drop below the 60% limit of the Maastricht criteria by 2028, IMF has said
16:16 - 12 April 2023
The International Monetary Fund has maintained its projection for Cyprus’ economic growth in 2023 at 2.5% of GDP
07:56 - 12 April 2023
In February 2023, the seasonally adjusted volume of retail trade increased by 1.6% in Cyprus compared with January 2023, and by 8.3% compared with February 2022, according to estimates from Eurostat
15:48 - 11 April 2023
Trade exchange between Egypt and Cyprus grew by 23.2% to $85 million in 2022 from $69 million in 2021
09:03 - 11 April 2023
The Minister of Energy and Cyprus Chamber of Commerce and Industry have agreed to intensify their efforts to enhance Cypriot businesses' competitiveness
07:44 - 11 April 2023
Energy Minister Giorgos Papanastasiou said the new government is stepping up efforts to introduce natural gas to the country, from fields in the region as well as those of Cyprus’ Exclusive Economic Zone
09:28 - 10 April 2023
The output of the Services sector in Cyprus marked an annual increase of 6.6% in 2022, driven mainly by the hotels and restaurants sector
07:44 - 10 April 2023
