Cyprus by the Numbers

Net new lending in Cyprus stood at €3.23 billion in 2022, reflecting a 10 per cent increase compared to the previous year, despite the uncertainty created by the war in Ukraine, according to ...

The Association for the Protection of Borrowers (Syprodat) this week called for the creation of a Dispute Resolution Committee, in order to decongest the courts, describing this as “the only ...

European Union cities had the highest housing cost burden in 2021, according to a report published on Thursday by Eurostat, the European Union’s statistical service. In Cyprus, the lowest rate ...

Cyprus’ net Foreign Direct Investment (FDI) position decreased further in 2021, with the dominant partner, both in terms of inward and outward FDI being Russia, according to a report released by ...

The household debt ratio in Cyprus stood at 77 per cent of GDP at the end of the third quarter of 2022, marking a slight decrease compared to the previous quarter, according ...

The overall solvency ratio of the Cypriot banking sector stood at 21.2 per cent at the end of September 2022, its highest level since the Central Bank of Cyprus (CBC) began collecting ...

The Cyprus Securities and Exchange Commission (CySEC) announced that there was an increase in the number of Management Companies and Undertakings of Collective Investments (UCIs) during the third quarter of 2022, ...

The Council for Registration of Real Estate Agents on Monday that Marinos Kineyirou was re-elected as council president. “I am particularly happy because Cyprus’ real estate community, almost in its ...

Petrol station sales in Cyprus marked a decrease of 7.5 per cent in December 2022, compared to the corresponding month of 2021, according to data released on Friday by the Cyprus Statistical Service (...

Deposits in the Cypriot banking system experienced an increase of approximately €590 million in December 2022, with their total balance exceeding €52 billion, according to a report published on Friday by the Central ...

Shipping Deputy Minister Vassilios Demetriades this week provided a summary of the work that has been implemented under his watch, saying that Cyprus’ shipping sector has been making the country ...

Could taxing idle properties be the answer to the market’s inability to meet demand? The city of Limassol could have an additional 8,000 apartments, with many swathes of land currently ...

The domestic bonds issued by the Republic of Cyprus started 2023 with an increase, reflecting ongoing high inflation and the upward trend of key interest rates that is currently prevailing across ...

Shipping Deputy Minister Vassilios Demetriades this week welcomed the decision by cruise line Royal Caribbean to open an office for their group in Cyprus, saying that this decision is proof ...

The Council for Registration of Real Estate Agents on Friday announced that it successfully held its new year event, in which it recapped the events of 2022, and set the tone ...

Construction material prices in Cyprus reached a historically high level in 2022, surpassing the previous record recorded in 2021, according to a report released this week by the Cyprus Statistical Service (Cystat). ...

The harmonised index of consumer prices in Cyprus rose to 8.1 per cent in 2022, compared to 2021, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). In addition, ...

Tourist arrivals to Cyprus reached 3,201,080 people in 2022, compared to 1,936,931 in 2021, according to a report released on Tuesday by the Cyprus Statistical Service (Cystat). Despite the uptick over the year before, ...

The producer price index in Cyprus’ construction sector increased by 11 per cent in the third quarter of 2022, compared to the corresponding quarter of 2021, reaching 129.53 units, according to a report released ...

There was a decrease of 4.9 per cent in the number of building permits issued in Cyprus between January and October 2022, according to a report released on Thursday by the Cyprus ...

The House Price Index registered an annual increase of 5.3 per cent during the third quarter of 2022, amounting to 112.51 points, according to a preliminary estimate released this week by the Cyprus ...

Cyprus’ trade deficit reached €6.82 billion in the period between January and November 2022, compared to €4.91 billion in the corresponding period last year, according to preliminary data published this week by the ...

Baker Tilly Cyprus, a firm specialising in assurance, audit, and financial compliance reporting, as well as advisory, tax and specialist consulting, this week released its Cyprus Tax Facts guide for 2023. ...

Consulting, assurance, and tax advisory firm EY Cyprus has released the latest edition of its Cyprus Tax Facts guide, which takes into account the most up-to-date legislative changes for 2023. “As ...