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

Tourism DepMin says 80,000 arrivals from Switzerland this year is a feasible target

Koumis’ comments came following contacts with tourist officials in Zurich

11:18 - 31 January 2024

Industrial production in Cyprus up by an annual 5% in November

The Index in November reached 138.5 units (base 2015=100), recording an increase of 4.8% compared to 2022

10:13 - 31 January 2024

A total of 642 counterfeit euro banknotes withdrawn from circulation in 2023

The Central Bank of Cyprus advises the public to be careful and to scrutinise banknotes when transacting in cash

10:09 - 31 January 2024

Great Sea Interconnector: Cyprus’ shareholding and the outcome of the Papanastasiou-Keravnos meeting

The board of directors of Great Sea Interconnector has also been formed, headed by Manos Manousakis

09:27 - 31 January 2024

FinMin ready to meet all goals and especially those set for 2024, Minister says

Makis Keravnos was asked to comment on the measures for the economy announced by President Christodoulides

13:38 - 30 January 2024

EIF: Investing in energy transition and decarbonisation with Future Energy Ventures Fund I

Future Energy Ventures Fund I offers a platform for matching portfolio companies with corporate partners

10:02 - 30 January 2024

Annual growth of 0.4% in total petroleum product sales in 2023

In 2023 the sales from filling stations reached 666.793 tonnes, recording a slight rise of 1.9% compared to 2022

08:53 - 30 January 2024

Cyprus Shipping Chamber DG expresses concern over Houthi Red Sea attacks

Kazakos expressed concerns on the way that Yemen's Houthi attacks on ships crossing the Red Sea impact Cyprus

08:13 - 30 January 2024

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Economy

Inflation edges up to 1.7% in January

Retail trade turnover rose 8.9% last year

NPLs steady at 8.3% in November 2023

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

Household deposit rates up, consumer credit down in December

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

Tourism revenue in first 11 months of 2023 surpasses 2019 record

Economic sentiment improved in January 2024

Industrial output prices decelerate in 2023 as inflation subsides

Private debt in Cyprus at 206% of GDP in Q3 2023

€6.6 million photovoltaic systems installed at 405 Cypriot schools

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