NPLs at 9.3% of total loans in February

Non-performing loans (NPLs) decreased by €60m in February compared to the month before, making up 9.3% of total loans said …

07:53 - 18 May 2023

Tourist arrivals in Cyprus up 18.5% in April

A significant yearly increase of 18.5% was recorded in tourist arrivals in April 2023, according to data Cyprus’ Statistical Service

14:08 - 17 May 2023

Cyprus’ harmonised inflation slows down to 3.9% in April

Cyprus’ annual EU-harmonised inflation slowed to 3.9% in April from 6.1% in March, official data has shown

13:58 - 17 May 2023

Finance Minister attends ECOFIN and Eurogroup meetings on spring forecasts

The Minister of Finance Makis Keravnos participated in ECOFIN meeting on spring forecasts

10:33 - 17 May 2023

Strong investor interest in Israel-Cyprus gas pipeline, Minister reveals

Papanastasiou said that there’s already strong interest from potential investors regarding an Israel-Cyprus subsea pipeline

07:58 - 17 May 2023

Ch. Vasiliou: How Cyprus can attract more foreign companies

The Managing Director of KPMG Cyprus says Cyprus needs to focus on improving infrastructure to continue to attract foreign investors

10:13 - 15 May 2023

Efforts underway to register Agros rose water as PGI, Minister says

The Ministry is trying to complete the process of registering the name "Rodostagma Agrou" (Rosewater of Agros)

08:07 - 15 May 2023

Eurobarometer: Cypriots want less bureaucracy and more user friendly e-services

Cypriots appear largely dissatisfied by the functioning of the country’s public administration

07:54 - 15 May 2023

CCCI & KTTO support efforts to improve Green Line trade

The Cyprus Chamber of Commerce and Industry and the Turkish Cypriot Chamber of Commerce have reaffirmed their support for all …

13:40 - 12 May 2023

Government employment drops in April due to transfer of workers to SHSO

Government employment in April 2023 dropped in Cyprus by 2.7% or 1,432 persons compared to April last year and amounted …

07:44 - 12 May 2023

Cyprus’ Q1 external trade spikes 58.6% y-o-y

Cyprus’ January-March trade deficit jumped by an annual 58.6% reaching €2,567.5m, compared with €1,618.7m in the same period of 2022, …

08:36 - 11 May 2023

CBC Governor on sanctions: Financial stability intact; Cyprus’ reputation not

The inclusion of Cypriots in the US-UK sanctions for assisting Russian oligarchs following the war in Ukraine has not impacted …

08:19 - 11 May 2023

How much tourists spend a day in Cyprus

Revenue from tourism reached €56.6m in February 2023 compared to €39.6m in the corresponding month of the previous year, recording …

08:39 - 10 May 2023

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Economy

NPLs at 9.3% of total loans in February

Tourist arrivals in Cyprus up 18.5% in April

Cyprus’ harmonised inflation slows down to 3.9% in April

Finance Minister attends ECOFIN and Eurogroup meetings on spring forecasts

Strong investor interest in Israel-Cyprus gas pipeline, Minister reveals

Strong growth for Cyprus economy in Q1 2023, despite signs of slowdown

CBC Governor calls for assertive action on ESG issues to protect the economy

EU Commission revises Cyprus’ 2023-2024 growth forecast upwards

STEP Cyprus Conference and Gala Dinner

Eurobank Cyprus reduces mortgage rates by 0.5% for consistent borrowers

Social partners sign new CoLA agreement

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