Keravnos heads to Stockholm for Eurogoup and Ecofin meetings

Finance Minister Makis Keravnos will take part in the informal meetings of the Euro Area Finance Ministers (Eurogroup) and EU …

08:01 - 28 April 2023

Herodotou: Bank system stable with strong cash flow

Central Bank of Cyprus (CBC) Governor Constantinos Herodotou told a panel discussion that Cyprus’ banking system was now stable with …

10:32 - 27 April 2023

Economic sentiment deteriorated in April

Economic sentiment deteriorated in Cyprus this April, with the relevant indicator dropping 2.8 points compared with March 2023. The Consumer …

08:12 - 27 April 2023

Ship management revenue has continued to recover since pandemic

Revenue from Cyprus’ ship management industry continued its upward trend in the second half of 2022, reaching €648m, up by …

07:52 - 27 April 2023

Trade deficit reached €7,101.0m in 2022

The main partner country in imports for 2022 was Greece whereas the main partner country in exports of domestic goods …

15:28 - 26 April 2023

Fiscal surplus of €570.2 mn and fiscal debt of 86.5% of GDP for 2022

The Statistical Service has announced a fiscal surplus of €570.2 mn, which corresponds to 2.1% of GDP and a fiscal …

16:15 - 21 April 2023

Construction materials prices up 8.15% in March y-o-y, slight monthly drop

Construction materials prices were up by 8.15% on an annual basis this March but recorded a slight drop compared to …

15:44 - 21 April 2023

Cyprus recorded highest ever trade deficit in January-February

Cyprus recorded its highest ever trade deficit in January-February 2023, with Cystat figures showing that it increased by almost €1b …

11:00 - 21 April 2023

Hourly wages up in Cyprus but still below EU average

The average hourly wage and salary rose 7.5% last year compared to 2021, reaching €15.60/h. Though an improvement, it still …

08:16 - 21 April 2023

Key economic indicator records positive y-o-y growth

The Cyprus Composite Leading Economic Index recorded a positive y-o-y growth rate of 1.4% in March 2023, reversing the negative …

07:50 - 21 April 2023

Government will announce VAT reductions on essentials in coming days

In statements after a meeting at the Presidential Palace, Keravnos said a new European Commission directive allows member states to …

08:21 - 20 April 2023

Harmonised inflation at 6.1% in March

For the period January - March 2023, the HICP rose by 6.5% compared to the corresponding period of the previous …

07:58 - 20 April 2023

Annual inflation rate drops a monthly 0.6% in March - Eurostat

The annual inflation rate in Cyprus was 6.1% in March 2023, down from 6.7% a month earlier, according to data …

14:48 - 19 April 2023

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Economy

Keravnos heads to Stockholm for Eurogoup and Ecofin meetings

Herodotou: Bank system stable with strong cash flow

Economic sentiment deteriorated in April

Ship management revenue has continued to recover since pandemic

Trade deficit reached €7,101.0m in 2022

Deputy Minister of Tourism Koumis meets with UK strategic partners

The Republic's debt interest rate risk is limited thanks to ESM, report says

Antonis Antoniou re-elected to OEB helm

Antoniou and Paradisiotis battle it out over OEB presidency

New names on Forbes list of Cyprus billionaires

Supporting low and middle-income groups a priority, Government says

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