Industrial output prices down by 2.5% on a yearly basis in May

For the period January-May 2024, the index showed a decrease of 3.2% compared to the corresponding 2023 period

08:03 - 01 July 2024

Annual increase of 5.7% in average gross monthly employee earnings in Q1 2024

Average gross monthly earnings of employees increased by 5.7% in the first quarter of 2024, amounting to €2,378

08:00 - 01 July 2024

Tourist arrivals at 3.85 million in 2023, up by 20.1% on annual basis

The United Kingdom was the most important source of tourism for Cyprus, with a share of 33.9% of total tourist …

07:55 - 01 July 2024

DBRS revises Cyprus growth to 2.7% in 2024 and 2.5% in 2025

In its revised June key macroeconomic scenario, the Canadian agency says it expects the Cypriot economy to grow

07:52 - 01 July 2024

Egypt an important partner in the region, Energy Minister says

European officials have repeatedly underscored the importance of Egypt's political and economic stability

07:44 - 01 July 2024

KEDIPES begins approvals for mortgage-to-rent eligible borrowers

Lambros Papadopoulos, President of KEDIPES said applications submitted by borrowers so far amount to 2,092

12:12 - 27 June 2024

Cyprus requests targeted review of its Recovery and Resilience Plan from the Commission

The Cypriot recovery and resilience plan amounts to 1.2 billion euro, including 1 billion euro in grants

08:15 - 27 June 2024

EIB head to inaugurate Bank’s offices in Cyprus in the Autumn

The Minister of Finance said the names of executives to be relocated in Cyprus will be finalised soon

08:00 - 27 June 2024

There are risks from use of illegal platforms and imitations, EUIPO official warns

Claire Castel is the Head of Service of Outreach and Knowledge of Intellectual Property of the Observatory of the EUIPO

07:52 - 27 June 2024

Particularities of island states should be respected, Agriculture Minister says

The Conclusions on the future of agriculture in the EU were not adopted due to disagreements raised by some member …

10:52 - 26 June 2024

Decision on Great Sea Interconnector after study is received, Energy Minister says

The implementing body, IPTO is expected to deliver the study at the end of June - beginning of July

07:52 - 26 June 2024

Turnover Value Index in Motor Vehicles up by 15.7% in Q12024

Motor vehicle sales also increased by 20% in the first quarter, compared to the first quarter of 2023

07:47 - 26 June 2024

Tesla and Samsung interested in electricity storage in Cyprus, Minister says

George Papanastasiou also outlined the government’s strategy to reduce the electricity prices in Cyprus

07:45 - 26 June 2024

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Economy

Industrial output prices down by 2.5% on a yearly basis in May

Annual increase of 5.7% in average gross monthly employee earnings in Q1 2024

Tourist arrivals at 3.85 million in 2023, up by 20.1% on annual basis

DBRS revises Cyprus growth to 2.7% in 2024 and 2.5% in 2025

Egypt an important partner in the region, Energy Minister says

Fuel sales in Cyprus decline marginally in May

Industrial production rises by an annual 8.2% in April

Economic sentiment in June improves slightly

Total loans and deposits show increase in May

Examination of third country nationals’ work permits sped up, Minister says

An economy of growth and high potential

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