CERA suggests Cyprus' competitive electricity market will be launched in Autumn 2025

Challenges persist, including the staffing of the Cyprus CTSO with personnel dedicated to the operation of the competitive market

08:36 - 27 December 2023

Revenue from tourism reached €2,439.2m in 2022, with arrivals up 86%

The local tourism industry recovered strongly following the two pandemic years, according to Cystat figures

09:54 - 22 December 2023

Cyprus and China to sign two new Cooperation Protocols

The agreement is for the export of Cypriot fishery and fish farming products as well as honey to China

07:46 - 22 December 2023

EC: Cyprus' fiscal position remains strong

Commission says in Autumn report that the island can still service its debts, though it needs a framework for NPLs

07:38 - 22 December 2023

Activities planned to improve financial literacy, says President

He said the issue of financial illiteracy is a problem that we have to face as a society

13:42 - 21 December 2023

Commission approves €70m Cypriot state aid scheme for agriculture

The aid will take the form of direct grants, at a maximum of €150,000 per year per beneficiary

08:46 - 20 December 2023

Harmonised inflation at 2.4% in November

Down 1.5% from October’s 3.6%, but up 4.1% in January-November compared to the same period of last year

08:41 - 20 December 2023

Invest Cyprus secures WAIPA regional steering committee directorship

The announcement was made during the 27th World Investment Conference held in India

10:48 - 19 December 2023

Government to further strengthen its support of Cyprus shipping, President says

President Christodoulides underlined that the state's primary goal is to attract foreign investments through shipping

10:19 - 19 December 2023

Tourist arrivals up 20.4% y-o-y in the period January-November 2023

Tourist arrivals in the period January - November 2023 amounted to 3,722,022, approaching the annual record of 2019

08:01 - 19 December 2023

Minerals up, metallic products down in Price Index of Construction Materials

The Price Index of Construction Materials for November 2023 reached 134.04 units (base year 2015=100)

07:58 - 19 December 2023

The risk of inflow of NPLs cannot be ignored, CBC warns

In its Financial Stability Report for 2022, the CBC also projects that GDP growth will amount to 2.4%

07:44 - 19 December 2023

Businesses tell Labour Minister: “Solve staff shortages yesterday”

Six local business associations representing one fifth of the island’s workforce have joined forces

14:43 - 18 December 2023

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Economy

CERA suggests Cyprus' competitive electricity market will be launched in Autumn 2025

Revenue from tourism reached €2,439.2m in 2022, with arrivals up 86%

Cyprus and China to sign two new Cooperation Protocols

EC: Cyprus' fiscal position remains strong

Activities planned to improve financial literacy, says President

Labour Ministry: Non-payment of 13th salary is a criminal offence

Road tax renewals for 2024 to begin 4 January

President welcomes approval of state budget

EIB delegation in Cyprus for signing of four loan agreements

Cyprus Parliament approves state budget for 2024

Final day of 2024 state budget debate

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