ACTE: Revenue from tourism reduced taking inflation into account

In 2001 there were 2.7 million tourists and revenue of €2b; in 2023, arrivals reached 3.8 million, and revenue €2.9b

07:47 - 12 July 2024

Official data show increase of economic activity in all sectors in 2022

Regarding the value added at current prices, the Services and Transport Survey recorded increases in all sectors

07:07 - 12 July 2024

Seasonality leading to €25m loss this year, PASYXE President estimates

Thanos Michaelides has stressed the necessity of extending the tourist season and keeping more units open year-round

14:40 - 11 July 2024

Moody's upgrades Bank of Cyprus' long-term deposit ratings to Baa1

The outlook on its long-term deposit and senior unsecured debt ratings has been changed to stable, from positive

12:27 - 11 July 2024

Commissioner Urpilainen: “Global Gateway and working together as Team Europe can open doors for smaller Member States"

Commissioner for International Partnerships Jutta Urpilainen is due to visit the island on 11 July

07:31 - 11 July 2024

Papanastasiou: The contract with CPP for the terminal is terminated as soon as ‘Prometheus’ is delivered to Cyprus

The Energy Minister made the announcement in Parliament, during a session of the House Trade Committee

11:51 - 09 July 2024

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Industry-leading companies sponsoring FIBA EuroBasket 2025

Cyprus will be hosting the biggest basketball event in Europe in August 2025

10:29 - 09 July 2024

Agriculture Minister announces new decree on milk quota for PDO Halloumi

Minister Maria Panayiotou also announced financial measures and tools to support the sector

07:50 - 09 July 2024

Motor vehicles registrations up 19.2% in the first half of 2024, year on year

Passenger saloon cars increased to 20,623 from 17,600 in January-June 2023, recording a rise of 17.2%

07:46 - 09 July 2024

President Christodoulides announces a 2025 budget surplus

He also said that the budget will be presented to the people and each Minister will also unveil the Ministry’s …

07:43 - 09 July 2024

Ice cream, holidays and hotels cost more in June

The prices of "summer" products went up in June according to the Cyprus Consumers Association

07:57 - 08 July 2024

Industrial Turnover Index up by 11.1% in April y/o/y

In manufacturing, the Industrial Turnover Index for April 2024 reached 137.7 units, recording an increase of 13.8%

07:42 - 08 July 2024

Inflation continues upward trend at 2.9% in June

The new figures continue the upward trend that started in April and reaching its highest value since October 2023

11:00 - 05 July 2024

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Economy

ACTE: Revenue from tourism reduced taking inflation into account

Official data show increase of economic activity in all sectors in 2022

Seasonality leading to €25m loss this year, PASYXE President estimates

Moody's upgrades Bank of Cyprus' long-term deposit ratings to Baa1

Commissioner Urpilainen: “Global Gateway and working together as Team Europe can open doors for smaller Member States"

Trade deficit widens in May, declines over five months amid decreased exports

Inflation drops in first half of 2024 compared to previous semester

CBC officials present advantages of the digital euro

Employment in the broad industrial sector records 3% annual increase in 2022

EAC should have the ability to offer low electricity prices, Energy Minister says

IPTO to present new data on Great Sea Interconnector to Cyprus Regulatory Authority

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