EU approves €152m payment to Cyprus under Recovery and Resilience Facility

The approval covers 37 out of 38 key milestones and targets, signaling significant progress in the country's recovery plan

07:56 - 17 September 2024

Hourly labour cost up 4.8% in Q2 on annual basis

Wages and salaries per hour worked and non-wage costs per hour worked increased by 4.4% and 6.4% respectively

07:42 - 17 September 2024

US experts in Cyprus as part of ongoing partnership in fight against illicit financial activity

The experts will discuss emerging money laundering tactics and other financial crimes and law enforcement techniques to tackle them

11:02 - 16 September 2024

Cyprus’ job vacancy rate remains at 3.0% in Q2 2024

The highest vacancy rates were seen in Accommodation and Food Services (6.9%)

07:42 - 16 September 2024

Public sector employment in Cyprus up 3.3% in Q2

Total employment in the broad public sector reached 75,714 in the second quarter of 2024

07:40 - 16 September 2024

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

The Vice-Chairman of the Board of Directors of the Cyprus Supermarket Association shares his thoughts on the sector's future

08:11 - 12 September 2024

Government employment up 3.9% in January-August 2024

Average total government employment reached 54,227 persons, marking an increase of 2,019 persons

14:14 - 11 September 2024

The local business sectors with the highest unemployment

The highest figures were recorded the sectors of public administration and defence, education and wholesale and retail trade

10:46 - 11 September 2024

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

Greece's Environment and Energy Minister said negotiations will also continue "at the political level"

08:17 - 11 September 2024

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George Papanastasiou: Work must continue on the electrical interconnection

The Energy Minister said stakeholder discussions should continue and denied that Greece had made any ultimatums

08:12 - 11 September 2024

Cypriot Minister stresses need for enhancing the Common Agriculture Policy

Panayiotou stressed the importance of CAP's continuation and evolution to ensure sustainability and competitiveness

07:52 - 11 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

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Economy

EU approves €152m payment to Cyprus under Recovery and Resilience Facility

Hourly labour cost up 4.8% in Q2 on annual basis

US experts in Cyprus as part of ongoing partnership in fight against illicit financial activity

Cyprus’ job vacancy rate remains at 3.0% in Q2 2024

Public sector employment in Cyprus up 3.3% in Q2

The scale of economy exceeds current demographic potential, Labour Minister says

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

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