Cabinet approves incentives to support decarbonisation in shipping industry

From January 2024, annual tonnage tax will be reduced by up to 30% for vessels demonstrating proactive measures

14:24 - 07 February 2024

Cabinet to continue discussion on Cyprus’ participation in Great Sea Interconnector company

Ministers George Papanastasiou and Makis Keravnos have submitted a renewed proposal

08:21 - 07 February 2024

Retail trade in Cyprus saw small monthly decrease, annual increase in December 2023

In the EU during the same period, the volume of retail trade decreased by 1.8% for food, drinks, and tobacco

07:55 - 07 February 2024

Electric vehicles registration significantly up in last four years

Minister of Transport Alexis Vafeadesa will present a Plan for the Promotion of Electric Mobility in Cyprus on 8 February

07:50 - 07 February 2024

Our next move will be a rate cut, Governor of Bank of Spain says during Cyprus visit

Pablo Hernandez de Cos is also a member of the European Central Bank's Governing Council

13:52 - 06 February 2024

Five ministers lay bare their priorities for Vision 2035

The Ministers spoke to IN Business magazine about their strategy and main priorities for the country's green transition

07:13 - 03 February 2024

Inflation edges up to 1.7% in January

Prices tumbled for furnishings, household equipment & routine maintenance of the house

11:04 - 02 February 2024

Retail trade turnover rose 8.9% last year

In December, the Turnover Value Index of Retail Trade increased by 4.2% compared to the same month in 2022

08:22 - 02 February 2024

NPLs steady at 8.3% in November 2023

They've dropped to just below €2b for the first time, according to the Central Bank of Cyprus

15:47 - 01 February 2024

CBC Governor expects interest rate cuts in 2024, barring unforeseen events

Constantinos Herodotou met with Finance Minister Makis Keravnos

15:29 - 01 February 2024

Household deposit rates up, consumer credit down in December

The CBC said the interest rate on deposits increased to 2.29% compared with 2.01% in November

14:59 - 01 February 2024

Cyprus among countries paying their annual contribution to the UN budget in full

Cyprus, along with Malaysia and Poland, has been included in the UN's Honour Roll

09:49 - 01 February 2024

Tourism revenue in first 11 months of 2023 surpasses 2019 record

Compared to the full year of 2019, Cyprus’ historic record, the tourist revenue marked an increase of 8.6%

08:26 - 01 February 2024

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Economy

Cabinet approves incentives to support decarbonisation in shipping industry

Cabinet to continue discussion on Cyprus’ participation in Great Sea Interconnector company

Retail trade in Cyprus saw small monthly decrease, annual increase in December 2023

Electric vehicles registration significantly up in last four years

Our next move will be a rate cut, Governor of Bank of Spain says during Cyprus visit

Cyprus Seeds Board sets the stage for future activities

"Offshore Wind Energy in Cyprus and the Eastern Mediterranean Symposium" cancelled

Registered unemployed drop 12.3% y-o-y in January

Competition watchdog greenlights Eurobank-Hellenic deal

Loan restructurings skyrocket in 2023, new loans slightly down

Bank of Spain Governor to meet Herodotou and economic sectors representatives

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