Fiscal surplus at 2% of GDP and fiscal debt at 73.6% of GDP in 2023

The results have been audited and verified within the Excessive Deficit Procedure framework of the European Commission

07:46 - 23 October 2024

Cyprus reaches agreement in principle for delivery of the FSRU ‘Prometheus’

Papanastasiou said the agreement provides for “a financial arrangement” with some kind of performance bonds being reduced

07:43 - 23 October 2024

IMF upgrades Cyprus’ growth forecast

It has been upgraded to 3.3%, a notable improvement from its earlier projection of 2.7% in April

16:23 - 22 October 2024

Invest Cyprus hosts roundtable with Indian business and investors

It said this reaffirms its commitment to aftercare services and positioning Cyprus as a premier investment and business hub

14:38 - 22 October 2024

Government weighing further measures to support society says Spokesman

Letymbiotis says the government remains alert to the challenges households face in the midst of rising costs

14:12 - 22 October 2024

Cyprus' nominal GDP exceeded €31 billion in 2023

In nominal terms, the largest share of GVA emerged from private consumption, and namely Wholesale and retail trade

07:41 - 21 October 2024

Minister Panayiotou in Luxembourg for AGRIFISH

The discussions will focus on fisheries and fishing opportunities in the Baltic Sea for 2025

07:38 - 21 October 2024

Energy Minister participates in 'Mediterranean Offshore Conference' in Egypt

Papanastasiou is also due to visit a natural gas processing facility and natural gas liquefaction terminal

07:33 - 21 October 2024

Economist Nikos Vettas: Are we getting the balance right between interest rates, inflation and growth?

The 15th Limassol Economic Forum has kicked off at Parklane Resort & Spa

11:51 - 18 October 2024

Harmonised inflation down to 1.6% in September

In terms of economic origin, the largest change was recorded in Energy with an annual reduction of 8%

07:50 - 18 October 2024

Tourist arrivals up 4.2% in first nine months of the year

Arrivals totalled 3.27 million, marking a 0.23% increase on the record tourism year of 2019

07:00 - 18 October 2024

Limassol Economic Forum 2024: Where Visionary Minds Shape the Future

A gathering of influential business leaders, exploring innovation, growth, and resilience

09:43 - 16 October 2024

Energy Minister talks energy mix and competitiveness in Luxembourg

George Papanastasiou participated in the European Union Energy Council meeting (pics)

08:39 - 16 October 2024

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Economy

Fiscal surplus at 2% of GDP and fiscal debt at 73.6% of GDP in 2023

Cyprus reaches agreement in principle for delivery of the FSRU ‘Prometheus’

IMF upgrades Cyprus’ growth forecast

Invest Cyprus hosts roundtable with Indian business and investors

Government weighing further measures to support society says Spokesman

Finance Minister points to external and internal risks for economy

CBC calls for caution over the circulation of counterfeit US$100 banknotes in the market

Cyprus mission in Mumbai holds inaugural event

Cyprus and Greece join forces to promote 'European corridors' participation

Government to examine financial measures depending on developments, Finance Minister says

Construction material prices decline marginally in September 2024

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