Cyprus Business Now

According to the Cyprus Statistical Service (CyStat), Cyprus’ trade deficit rose to €3.165.7 million for the period between January and July 2021, marking an increase of 23.3 per cent year-on-year.

The total imports of goods (from EU member states and from third countries) during the same period came up to €4.814.6 million compared with €4.327.1 million during the corresponding date range in 2020.

The total exports of goods dropped by 6.3 per cent for the period between January and July 2021 to (to EU Member States and to third countries), with the figure being €1.648.9 million compared to €1.759.4 million in the same period of 2020.

The European Union was the main source of supply of goods to Cyprus with a share of €3.160.5 million, representing 66 per cent of total imports, while imports from all other European countries totalled €363.6 million between January and July 2021. Imports from the rest of the world came up to €1.290.5 million.

Cyprus’ Chief Scientist for Research and Innovation of the Republic of Cyprus, Nikolas Mastroyiannopoulos participated in the International Technology Exhibition, “Gitex Technology Week” held in Dubai, with the aim of attracting investments in the fields of technology and start-up companies.

Another objective was to create strong synergies in the field. He was also accompanied by other officials of Cyprus’ Research and Innovation Foundation.

According to a press release by the Research and Innovation Foundation, the exhibition, which took place between 17 and 21 October 2021, is one of the largest in the world and was attended by technology companies, international companies and government agencies from more than twenty countries.

The Cyprus Stock Exchange (CSE) ended Thursday, October 21, with losses.

The main Cyprus Stock Market Index was at 65.37 points at 13:28 during the day, reflecting a decrease of 0.29 per cent over the previous day.

The FTSE / CySE 20 Index was at 39.03 points, representing a drop of 0.31 per cent. The total value of transactions came up to €12,800.

In terms of sub-indexes, the hotels index rose by 0.31 per cent, while the main, investment firms and alternative indexes fell by 0.43 per cent, 0.47 per cent and 0.29 per cent respectively.

The biggest investment interest was attracted by Bank of Cyprus Holdings (no change), Petrolina (-1.94 per cent), Demetra Holdings (-0.52 per cent) and Amathus (+1.49 per cent).