Economic sentiment in Cyprus deteriorated in December 2023 says CypERC

The decrease was driven by weaker business confidence primarily in services and, to a lesser degree, in construction

07:30 - 04 January 2024

Top recognition for Cyprus ESG bond from Global Capital - "Cyprus stole the show"

London-based international capital market expert Global Capital has recognised Cyprus’ first ESG bond issue

14:42 - 03 January 2024

International rating agencies announce Cyprus’ credit ratings milestones for 2024

Two agencies, namely Standard and Poor’s and Fitch have placed the economy’s rating on track for upgrade

12:39 - 03 January 2024

Paphos hotel occupancy at 35% - 40% in December 2023

Occupancy increased during the three days of Christmas and New Year, reaching up to 80% - 85%

08:40 - 03 January 2024

Tassos Yiasemides: Economic challenges to intensify in 2024

Economist and management consultant at KPMG Cyprus, Tassos J. Yiasemides, suggests what we can expect in the new year

08:30 - 03 January 2024

Industrial output prices marginally up in November

The Index for November 2023 recorded an increase of just 0.2% compared to October 2023

16:25 - 29 December 2023

Cyprus Bourse had a satisfactory year, CSE Chairman says

Marinos Christodoulides, Chairman of the CSE Council, made a statement on the Cypriot stock market in 2023

16:19 - 29 December 2023

General Government surplus at 3.4% of GDP in Jan-Nov '23

In January-November of 2022, there was a surplus of €636.8m (2.3% of GDP)

15:16 - 29 December 2023

Cyprus in Greek list of states with preferential tax status since 2014 says FinMin

The Ministry was reacting to a series of media reports concerning Cyprus' place on the list

14:38 - 29 December 2023

Commission disburses payments to six Member States under RRF

The payments are performance-based and were made to Germany, Greece, Italy, Portugal, Slovakia and Slovenia

12:06 - 29 December 2023

OEV announces new positions for 2024

Deputy General Manager Kostas Christofides is set to retire after 41 years of service

12:01 - 29 December 2023

Phanos Leventis: Venues closing due to lack of staff

The head of the Leisure and Entertainment Establishment Owners Association (PASIKA) has sounded the alarm

10:52 - 29 December 2023

Paphos CCI: Marina tender process to be completed in 2024

Its president George Mais said the marina will enrich the town’s tourism product and strengthen maritime tourism

09:29 - 29 December 2023

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Economy

Economic sentiment in Cyprus deteriorated in December 2023 says CypERC

Top recognition for Cyprus ESG bond from Global Capital - "Cyprus stole the show"

International rating agencies announce Cyprus’ credit ratings milestones for 2024

Paphos hotel occupancy at 35% - 40% in December 2023

Tassos Yiasemides: Economic challenges to intensify in 2024

Kissonerga: First substantial step taken towards creation of marina

Rise in value and volume of retail trade in November 2023

Deposits and loans in Cypriot banks increase in November 2023

New minimum 15% taxation rate for multinationals in EU comes into force

New EU rules to combat cross-border VAT fraud, particularly online, enter into force

Passenger traffic rebounds in 2023, breaking 2019 record

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