Bank of Cyprus follows ECB's lead and reduces interest rate on loans by 0.60%

The reference interest rate on loans linked to the ECB's Base Rate will drop to 3.65% from 4.25% as of …

14:56 - 13 September 2024

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Upgrading maritime education of primary importance, Deputy Minister says

Hadjimanolis the government considers the qualitative upgrading of maritime education to be of primary importance

08:00 - 13 September 2024

President Christodoulides sees progress in GSI talks and interest from other countries

The other countries that have expressed an interest in the project include the UAE, the President has revealed

07:53 - 13 September 2024

January-August 2024: Highest passenger traffic ever recorded in Cypriot airports

Airport traffic during that period reached 8,179,421 passengers, showing an increase of 4.67% compared to 2023

16:05 - 12 September 2024

Israel's Energy Minister Eli Cohen emphasises GSI project's importance to country

The project will connect Israel's electricity grid to the European one and strengthen energy security in the region, Cohen says

11:42 - 12 September 2024

Christodoulides: GSI discussion was constructive and talks will continue

In statements after an initial 4.5-hour-long meeting with stakeholders, Christodoulides said having the discussion had been “a good decision"

07:43 - 11 September 2024

Bounced cheques worth €57,129 issued in August

In the corresponding month of 2023, only nine cheques were registered, but for a higher total value of €78,108

09:33 - 10 September 2024

Mountain area hoteliers calling for 10 new support measures

The Chairman of the Board of the Agros Development Company Proodos Public Ltd Antonis Pissarides has called for action

08:37 - 10 September 2024

Trade deficit down by 17% due to decline in value of imports

According to CySTAT, total imports of goods in January–July 2024 recorded a decrease of 129%

07:47 - 10 September 2024

Motor vehicles sales up by 16% in January – August, rising share of EV/ hybrid cars

The share of electric cars rose from 2,4% in 2023 to 3.3% in 2024 and of hybrid cars from 27.5% …

07:44 - 10 September 2024

Monitoring Committee on Halloumi to meet by end-September, Minister says

A decree stipulates the quota for goat and sheep milk in the Halloumi mixture will increase from 1 February, 2025, …

07:37 - 10 September 2024

Stakeholders gathering in Nicosia to discuss GSI's future

Concerns remain over the Cyprus-Greece electrical interconnection project which aims to end Cyprus’ electricity isolation

07:25 - 10 September 2024

Damianou met with Indian investors interested in doing business in Cyprus

The Deputy Minister was in New Delhi on an official visit, where he held a series of meetings

11:25 - 09 September 2024

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Economy

Bank of Cyprus follows ECB's lead and reduces interest rate on loans by 0.60%

Upgrading maritime education of primary importance, Deputy Minister says

President Christodoulides sees progress in GSI talks and interest from other countries

January-August 2024: Highest passenger traffic ever recorded in Cypriot airports

Israel's Energy Minister Eli Cohen emphasises GSI project's importance to country

Michalis Panayides: Acquisitions and mergers are a new trend in the supermarket industry

Government employment up 3.9% in January-August 2024

The local business sectors with the highest unemployment

Theodoros Skylakakis: Work on the electrical interconnection will continue, the meeting was constructive

George Papanastasiou: Work must continue on the electrical interconnection

Cypriot Minister stresses need for enhancing the Common Agriculture Policy

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