June bank deposits rise sharply, loans up as well

Total deposits recorded a net increase of €399.2m, compared with €164.8m in May

07:47 - 27 July 2023

Efforts to improve Cyprus' air connectivity continue; US connection progresses

Anticipated delay in US connection while progress has been made for direct Uzbekistan and Kazakhstan flights

07:17 - 27 July 2023

CCCI: Open Call for grants to tourism enterprises

EU-funded I-STARS project addresses tourism business in Cyprus, Greece, Ireland, Italy and Spain

10:13 - 26 July 2023

GDP growth and inflation at 3% in 2023 Economic Research Centre of UCY projects

Real GDP growth in Cyprus is forecast to decelerate from 5.6% in 2022 to 3% in 2023

08:30 - 26 July 2023

Cyprus domestic bonds yields show signs of stabilisation in July

Since the beginning of the year, T-bills yields show an increase of 94 basis points

12:01 - 25 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

June harmonised inflation drops to near 2-year low

According Cystat, the Harmonised Index of Consumer Prices (HICP) rose by 2.8% between June 2022 and June 2023

08:31 - 20 July 2023

Energy Minister: Government is evaluating EuroAsia Interconnector

Giorgos Papanastasiou also said the cost of the Cyprus-Greece-Israel electrical interconnection project has risen 23%

08:15 - 20 July 2023

Cabinet approves double taxation avoidance agreement with Oman

The agreement is based on the OECD model of double taxation agreement and the UN model

15:30 - 19 July 2023

Cyprus economy is on a good track, says Finance Minister

Keravnos said the data proved that the island's economy was going well

14:45 - 19 July 2023

Fiscal Council notes delays in implementing RRP commitments

It noted “significant and wide delays” regarding the Recovery & Resilience Plan and called for immediate action

08:24 - 19 July 2023

Composite Leading Economic Index up 2.1% in June

June's increase followed the year-over-year increases of 1.8% and 1.7% recorded in May and April 2023

08:07 - 19 July 2023

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Economy

June bank deposits rise sharply, loans up as well

Efforts to improve Cyprus' air connectivity continue; US connection progresses

CCCI: Open Call for grants to tourism enterprises

GDP growth and inflation at 3% in 2023 Economic Research Centre of UCY projects

Cyprus domestic bonds yields show signs of stabilisation in July

TakeOff: Innovative educational material for professional farmers

Trade can create momentum for Cyprus reunification, Ferreira writes in op-ed

Shipping Deputy Minister and European ambassadors discuss sector's challenges

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

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