Cyprus by the Numbers

There was a notable rise of 6.2 per cent in the average gross monthly earnings of employees in Cyprus during the third quarter of 2023, totalling €2,224, compared to €2,094 in the same period ...

The European Commission’s latest report on Cyprus’ economic and financial outlook for Autumn 2023 has outlined a series of projections and assessments, painting a nuanced picture of the country’s ...

The harmonised index of consumer prices in Cyprus recorded a year-on-year rate of 2.4 per cent in November 2023, marking a slowdown compared to the rate of 3.6 per cent observed in October 2023, ...

Rating agency Capital Intelligence recently revised its outlook for the Bank of Cyprus’ (BoC) Long-Term Foreign Currency Rating (LT FCR) and Bank Standalone Ratings (BSR) from stable to positive. The ...

The Construction Materials Price Index in Cyprus has experienced a marginal increase of 0.08 per cent in November 2023, when compared to the same period last year, with significant hikes in mineral ...

The number of job vacancies surged by 3,100 positions, marking a substantial 33.8 per cent increase during the third quarter of 2023, reaching a total of 12,274, compared to the same quarter in the ...

The Cyprus Association of Travel Agents (ACTA) this week announced its new administrative council for the term 2023-2026, appointing Harris Papacharalambous as the new president. In a statement released following ...

There was a notable upswing in government employment in November 2023, reaching a total of 54,404 individuals, marking an increase of 867 individuals, reflecting a rise of 1.6 per cent compared to the same ...

Cyprus witnessed a substantial increase in imports in the period from January to October 2023, rising by €1.23 billion when compared to the same period in 2022, according to a report released this ...

The Central Bank of Cyprus (CBC) on Monday released a report revealing that a total of 33 bounced cheques, valued at €60,851, were issued in November 2023. This has led to the registration ...

Cyprus witnessed a remarkable 58.5 per cent surge in total registrations of motor vehicles in November 2023, compared to the same month of the previous year, while also marking an annual increase ...

The unemployment rate in Cyprus plunged to its lowest level in 53 quarters, settling at 5.8 per cent of the labour force in the third quarter of 2023, marking a significant decline, according ...

The Cyprus Shipping Chamber this week expressed deep concern over recent assaults by paramilitary forces in Yemen on commercial vessels passing through the Red Sea and the Gulf of Aden. ...

Cyprus experienced a significant deceleration in inflation in November 2023, dropping to 1.7 per cent compared to the previous November, marking the lowest rate in the past three months. This decrease was ...

The Cyprus Chamber of Commerce and Industry (Keve) on Wednesday announced that the International Matchmaking Event it recently held at a major energy conference was a resounding success. The matchmaking ...

The Cyprus Statistical Service (Cystat) released a report this week revealing a notable upturn of 6.7 per cent in industrial business activities during the first nine months of 2023, compared to the ...

The lending interest rate for home purchases hit 4.91 per cent in October 2023, according to the Central Bank of Cyprus’ (CBC) latest Monetary and Financial Statistics report. At the same time, ...

The number of registered unemployed individuals in Cyprus decreased to 12,662 by the end of November 2023, according to a report released by the Cyprus Statistical Service (Cystat) on Tuesday. The Statistical ...

Cyprus’ Producer Price Index in the industrial sector reported a decline of 1.7 per cent, reaching 138.4 units, for the month of October 2023, according to a report by the Cyprus Statistical Service (...

The Cyprus general government has recorded a surplus of €918.9 million, representing 3.1 per cent of the Gross Domestic Product (GDP), for the period of January to October 2023, according to the preliminary ...

The Central Bank of Cyprus on Tuesday released its Monetary Financial Institutions (MFIs) deposits and loans statistics for October 2023, revealing a decrease in both deposits and loans during this period. ...

The University of Cyprus (UCY) this week announced that it is set to host a two-day event on artificial intelligence, called AI Days, on November 27-28. In its announcement, the ...

Employment in the Cyprus government witnessed an increase of 283 individuals (0.5 per cent) in October 2023, compared to the same month in 2022, reaching a total of 53,554 people, according to a report released ...

Cyprus has seen a 7.3 per cent reduction in the number of building permits issued during the first eight months of 2023 when compared to the same period the previous year, according ...