Minimum wage in Cyprus about halfway in EU ranking

The minimum wage in Cyprus is €940 per month compared to €2,508 in Luxembourg and €399 in Bulgaria

07:56 - 25 July 2023

The car brands dominating the first half of 2023

Used saloons still dominate with 57% compared to 43% occupied by new saloon car registrations

08:08 - 24 July 2023

Flying high: Cyprus topping the list in air connectivity recovery

Cyprus has taken first place among the European countries in terms of the greatest recovery in air connectivity

07:54 - 24 July 2023

DBRS confirms ESM and EFSF long-term issuer ratings at AAA, with stable trend

ECB policy rate increases have been accompanied by a moderate divergence in financing costs for Euro area governments

07:48 - 24 July 2023

Annual impact of Turkey's economic embargo on RoC at 1% of Cyprus GDP

The biggest economic impact from the embargo imposed by Turkey, was on the shipping sector

07:46 - 24 July 2023

Construction materials prices up by 5.78% in first half of 2023

The highest increases in the period were recorded in minerals with 23.13%

14:22 - 18 July 2023

NPLs in Cyprus banking system remain broadly unchanged in April

NPLs in the Cyprus banking system in April amounted to €2.19 billion according to Central Bank of Cyprus data

13:28 - 18 July 2023

The supermarket products with the largest price increases

The Consumer Protection Agency's Consumer Staples Watch also recorded price decreases

12:46 - 18 July 2023

Electricity storage a goal for the next 24 months says Minister of Energy

Papanastasiou noted that the energy system of Cyprus is undergoing complete restructuring

10:25 - 18 July 2023

Tourist arrivals in Cyprus soar by 22.7% in June 2023

According to the latest data released by CySTAT, a total of 456,985 visitors visited the island during June

07:52 - 18 July 2023

Digital "One-Stop-Shop" platform for renewable energy projects available online

Aiming to facilitate investors by reducing bureaucracy and time needed for the licensing of renewable energy projects,

07:44 - 18 July 2023

CERA Chairman: How to end Cyprus’ energy isolation

Dr. Andreas Poullikkas discusses ways to transform Cyprus into a model green country by 2050

08:47 - 17 July 2023

Parliament votes against two bills on borrowers’ rights

The 13 July session was the last plenary dealing with pending legislative matters before summer recess

10:13 - 14 July 2023

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Economy

Minimum wage in Cyprus about halfway in EU ranking

The car brands dominating the first half of 2023

Flying high: Cyprus topping the list in air connectivity recovery

DBRS confirms ESM and EFSF long-term issuer ratings at AAA, with stable trend

Annual impact of Turkey's economic embargo on RoC at 1% of Cyprus GDP

June harmonised inflation drops to near 2-year low

Energy Minister: Government is evaluating EuroAsia Interconnector

Cabinet approves double taxation avoidance agreement with Oman

Cyprus economy is on a good track, says Finance Minister

Fiscal Council notes delays in implementing RRP commitments

Composite Leading Economic Index up 2.1% in June

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