DBRS Morningstar revises Cyprus’ economic growth for 2023 to 2.5% from 2.1%

Simultaneously, the Canadian agency maintains its estimate of 2.4% growth for 2024

15:12 - 29 September 2023

Industrial production index records annual increase

In July 2023, the Industrial Production Index reached 155.6 units, recording an increase of 1.6% compared to July 2022

08:05 - 29 September 2023

Eurostat: 91% of tourism stays in Cyprus involve foreign visitors

A tourism night refers to each night a guest/tourist actually spends in a tourist accommodation facility

10:22 - 28 September 2023

Τotal sales of petroleum products up 2.3% in August

As far as the sales from filling stations are specifically concerned, these have registered an increase of 5.5%

07:36 - 28 September 2023

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Loans up €8.5 million in August, deposits down for second month

For a second consecutive month, deposits saw a net decrease, amounting to €175.5 million

07:32 - 28 September 2023

Minister: Planned petrol storage terminal vital for energy automony

He was addressing the General Assembly of the Cyprus Organisation for Storage and Management of Oil Stocks

08:44 - 26 September 2023

CBC lowers 2023 and 2024 growth projections

It said GDP growth will amount to 2.4% and 2.7% respectively, compared with 2.6% and 2.8% in its June projections

08:31 - 26 September 2023

Cyprus Children's Fund awards $34,500 in scholarships

The Cyprus Children's Fund, within the framework of the Scholarship Program, has selected 16 students for the 2023 Scholarship Awards

07:49 - 26 September 2023

Foreign demand for halloumi is steadily growing

Minister of Agriculture Petros Xenofontos said halloumi exports in the first four months of 2023 reached €112m

10:15 - 25 September 2023

Wholesale trade value index drops for first time in eight quarters

The April – June index declined to 175 units, dropping 3.8% compared with the respective quarter of last year

07:52 - 25 September 2023

Invest Cyprus promotes island at Prague event

Invest Cyprus presented Cyprus’ advantages as an investment destination at the IDEEA Hospitality Investment Forum

07:38 - 25 September 2023

Government would be ready to take more measures against rising prices, FinMin says

Makis Keravnos also noted rising prices and inflation are a global phenomenon and especially a European one

07:52 - 22 September 2023

Papanastasiou: Efforts to change energy sector have intensified

The government is revising the goals and policies included in the National Energy and Climate Plan

07:48 - 22 September 2023

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Economy

DBRS Morningstar revises Cyprus’ economic growth for 2023 to 2.5% from 2.1%

Industrial production index records annual increase

Eurostat: 91% of tourism stays in Cyprus involve foreign visitors

Τotal sales of petroleum products up 2.3% in August

Loans up €8.5 million in August, deposits down for second month

Council of Ministers approves 2024 budget

Economic sentiment deteriorates in September

Eurostat: 18% of children in Cyprus at risk of poverty

Government to approve 2024 state budget

CCCI establishes a Cyprus – Malta Business Association

FinMin: Expects added measures from banks after rate hikes

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