Scope completes periodic review for Cyprus, issues no rating action

The agency estimates that economic activity should remain robust with a projected real GDP growth rate of 2.8%

07:58 - 13 May 2024

Finance Minister to participate in Eurogroup and ECOFIN

Makis Keravnos is in Brussels to participate in the Eurogroup and the EU Council of Economic and Fiscal Affairs

07:53 - 13 May 2024

Cyprus has one of the EU’s lowest percentages of electric cars

Eurostat figures show Cyprus still has a long way to go when it comes to electric vehicle use

07:03 - 11 May 2024

Revenue from tourism up 15% in February

Tourism revenue amounted to €65.1m in February 2024 compared to €56.6m in the same month last year - up 15%

15:42 - 10 May 2024

Less than 4 in 10 Cypriots financially proficient

A study revealed that in 2021, less than 4 out of 10 respondents possessed a good level of financial knowledge …

07:57 - 10 May 2024

home-loan-car-loan-conceptloan-buy-car-buy-house

Consumer interest rates up, mortgage rates down in March says CBC

At the same time, the rate for households deposits went up, according to the statistics on interest rates

07:43 - 09 May 2024

Finance Ministers of Greece and Cyprus vow to continue cooperation on all fields

Kostis Hatzidakis and Makis Keravnos respectively expressed their joint commitment to continue collaboration

07:39 - 09 May 2024

Christodoulides_Dr Christodoulos Patsalides

New CBC Governor presents plans for Bank's reorganisation to the President

This was Patsalides and Christodoulides' first meeting since the new Governor's assumption of duties

07:35 - 09 May 2024

termination-keyboard-unemployment-unemployed-anergia-anergoi

Eurostat: Unemployment in Cyprus fell to 6% in March

The number of unemployed also fell to 30,000 from 32,000 in February and 31,000 in March last year

10:34 - 08 May 2024

11 subsidy schemes to provide €148m for home and business energy and digital upgrades

Among other things, the announcements concern funding for the installation of photovoltaics and insulation

08:27 - 08 May 2024

New District Councils to submit budgets by 27 May

The reform of the Cyprus Local Authorities System kicks in on 1 July, featuring a reduced number of Municipalities and …

07:44 - 08 May 2024

Consumer spending up in supermarkets for Easter, other retail shops see decline

Experts suggested that consumers this year chose to spend on basic needs in the midst of recession

07:41 - 08 May 2024

Cypriot bonds held by the Eurosystem steady at €6.76 billion

The value of Cypriot sovereign bonds held by the Eurosystem under the PSPP and PEPP corresponded to 29% of public …

07:38 - 08 May 2024

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Economy

Scope completes periodic review for Cyprus, issues no rating action

Finance Minister to participate in Eurogroup and ECOFIN

Cyprus has one of the EU’s lowest percentages of electric cars

Revenue from tourism up 15% in February

Less than 4 in 10 Cypriots financially proficient

Minister of Energy in Milan for Investopia Europe

Deputy Minister pledges to enhance objectives of Cyprus' shipping industry

UAE tourism market rising steadily for Cyprus, Deputy Minister says

Ministry of Finance projects GDP growth at 2.9% in 2024

Cyprus promoted as attractive investment and business destination at Abu Dhabi congress

Annual decrease of 17.2% in registered unemployed in April

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