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

Marios Tannousis appointed new CEO of Invest Cyprus

The country’s investment promotion agency, Invest Cyprus, has appointed Marios Tannousis as its new CEO

12:11 - 13 April 2023

Credit Suisse rescue package rejected by Swiss parliament

Switzerland's parliament has rejected the government's $120.82b cash injection for Credit Suisse's merger with UBS, leaving the collapsed bank's hastily …

11:18 - 13 April 2023

Cyprus to revoke three investor citizenships

The Council of Ministers decided to revoke the citizenships of three persons and their families, Government Spokesman, Konstantinos Letymbiotis announced

09:20 - 13 April 2023