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

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

The total trade deficit for the month stood at €693.4 million, compared to €578.2 million in May 2023

07:22 - 11 July 2024

Inflation drops in first half of 2024 compared to previous semester

The Consumer Price Index, excluding consumption tax increases, reached 112.41 points from January - June 2024

08:09 - 10 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

roundtable 2024 Cypriot business community

Government discusses energy, connectivity, outward-looking approach at business community roundtable

Eleven Ministers and Deputy Ministers as well as other officials and civil servants took part in the roundtable discussion

10:01 - 05 July 2024

Bad cheques for €13,048 written in June

Ten entities were registered on the preliminary CIR in June 2024, six legal entities and four natural persons

08:26 - 05 July 2024

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Economy

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

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

Industry-leading companies sponsoring FIBA EuroBasket 2025

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