Cyprus’ R&D budget increase way above EU average in 2023

Eurostat said the budget allocated by the island's government to R&D rose by 19.8% (EU average 5.3%)

08:17 - 07 August 2024

US stock markets rise after days of turmoil

US shares opened higher on 6 August, as a tentative calm returned to global markets following days of sharp falls

07:48 - 07 August 2024

Daniel Antoniou: “A sharp correction in global markets will inevitably bring the local stock market lower”

The Executive Director of 7Q Financial Services Ltd suggests geopolitical developments could have a more significant impact on the local …

07:17 - 07 August 2024

Demetris Taxitaris: Impact of current geopolitical events on Cyprus will be limited

The Chief Executive Officer of MAP S.Platis also commented on the recent developments in the global markets

07:15 - 07 August 2024

Kikis Lagos: “Negative developments have followed a number of long standing recession signals”

The Managing Director of One Plus Capital Ltd shares his view of the recent events in the global markets

15:31 - 06 August 2024

Main European stocks index hit lowest point in over six months over US recession fears

Among major European bourses, Germany's DAX, France's CAC 40, Britain's FTSE and Spain's IBEX 35 fell between 1.4%-2.3%

07:24 - 06 August 2024

Economy continues to record considerable growth, CBC Governor says

Christodoulos Patsalides says that during the first quarter of 2024, the growth rate exceeded forecasts

14:00 - 05 August 2024

Cypriots’ favourite travel destinations - From Greece and the UK to the USA and Italy

CySTAT figures indicate that the purpose of travel of Cypriot residents in June 2024 was mainly holidays at 64.6%

08:25 - 05 August 2024

Non-cash payments in Cyprus at €129 billion in 2nd half of 2023 up by 12% YoY

The rate of increase exceeded that of the euro area where the value declined by 7% and the volume of …

08:05 - 05 August 2024

Cyprus using new measures to tackle drought and heat, Agriculture Minister says

Panayiotou discussed measures to combat the prolonged heatwave, noting record temperatures in June and July

07:38 - 05 August 2024

No cover-up in Vasilikos investigation, President Christodoulides assures

President Christodoulides has stressed that nothing would be concealed regarding the issue

07:32 - 05 August 2024

The government’s €30m plans for Larnaca

“The contract termination should not deprive the city of Larnaca of these projects," said Minister Alexis Vafeades

08:57 - 02 August 2024

Retail trade up significantly in June

The Turnover Value Index increased by 5.5% compared to June 2023, while the Turnover Volume Index rose by 3.2%

08:20 - 02 August 2024

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Economy

Cyprus’ R&D budget increase way above EU average in 2023

US stock markets rise after days of turmoil

Daniel Antoniou: “A sharp correction in global markets will inevitably bring the local stock market lower”

Demetris Taxitaris: Impact of current geopolitical events on Cyprus will be limited

Kikis Lagos: “Negative developments have followed a number of long standing recession signals”

Cyprus airports traffic reaches record high in first seven months of 2024

Tassos J. Yiasemides on how global market turmoil and Middle East escalation could impact Cyprus

Registered unemployed persons down 10% annually in July

Industrial Turnover Index down 3.3% in May 2024

Central Bank of Cyprus revises growth rate for 2024 to 3%

Eurostat: Share of doctor and dentist graduates in Cyprus comparable to EU average

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