Cyprus by the Numbers

DBRS Morningstar has confirmed the BBB rating with a stable outlook for Cyprus in both domestic and foreign currency over the long term, according to a report recently published by ...

Total deposits in Cyprus recorded a net increase of €357.1 million in February 2023, compared to the previous month, with their balance amounting to €51.9 billion, according to a report released this week ...

Deputy Minister of Tourism Costas Koumis this week visited the Limassol regional tourism board (Etal), pledging to provide solutions to longstanding issues in the district. The meeting, which also saw ...

Cyprus’ trade deficit for the period between January and December 2022 increased by €2 billion, marking a 34.5 per cent increase compared to the corresponding period in 2021. According to data published by the ...

The Trade Service of the Cyprus Ministry of Energy, Commerce and Industry announced this week that it participated in the food exhibition Foodex 2023, which was held in Tokyo, Japan. The ...

The number of job vacancies in Cyprus in the fourth quarter of 2022 amounted to 7,821 in total, according to a report released this week by the Cyprus Statistical Service (Cystat). According ...

The world’s largest green business ideas competition returns for the tenth consecutive year in Cyprus and invites students, start-ups, entrepreneurs and researchers to submit their cleantech business idea. ClimateLaunchpad ...

State-owned Cyprus Asset Management Company (Kedipes) on Tuesday an interest rate subsidy for restructured loans with the base rate of the European Central Bank, so that the interest rates do ...

According to preliminary data from the Cyprus Statistical Service (Cystat), the trade deficit in Cyprus increased significantly in January 2023, as imports increased more than three times the increase in exports. ...

The Cyprus Chamber of Commerce and Industry (Keve) on Thursday announced a new initiative to reduce its carbon footprint and further promote the green transition to the local business community. ...

The inflation rate in Cyprus reached 6.7 per cent in February 2023, with the Consumer Price Index increasing by 0.87 points to 112.88 points, compared to 112.01 points in January 2023, according to a report by ...

The Institute of Certified Public Accountants of Cyprus (Selk) this week released a statement congratulating newly-elected president Nikos Christodoulides for his recent election victory. “We also extend our congratulations to ...

Cyprus’ Gross Domestic Product (GDP) is estimated to have reached €27 billion at the end of 2022, compared to €24 billion in 2021, at current prices, according to a report released this week by ...

The business turnover index in Cyprus experienced increases across all sectors of economic activity during 2022, compared to the previous year, according to a report released this week by the Cyprus ...

Cyprus’ government debt fell to €23 billion at the end of 2022, reflecting a 3.9 per cent decrease compared to December 2021, according to a report published on Friday by the Public Debt Management ...

The head of the Cyprus association of entertainment venues (Osika) Neophytos Thrasyvoulou on Friday said that high costs and struggles with finding staff continue to be the main issues facing ...

Cyprus’ tourism revenue for the period between January and December 2022 is estimated to have amounted to €2.43 billion, according to a report released this week by the Cyprus Statistical Service (Cystat). ...

President-elect Nicos Christodoulides this week said that he is ready to work closely with the Employers and Industrialists Federation (OEV) in order to mutually tackle the challenges facing the Cypriot ...

Cyprus’ trade deficit increased by 38.9 per cent between January and November 2022, reaching €6.8 billion compared to €4.9 billion in the corresponding period of 2021, according to a report released this week by the ...

The Paphos regional tourism board (Etap) announced that a delegation travelled to Israel this week in order to promote the district as a travel destination, particularly in the context of ...

The real estate sector in Paphos experienced a double-digit increase in sales during 2022, with the volume of transactions rising by 31 per cent year-on-year, according to PwC Cyprus’ latest edition of ...

The Association for the Protection of Borrowers (Syprodat) this week said that the new government should engage in dialogue with Cypriot banks in order to resolve the issue of non-performing ...

Increased property availability could help to stimy soaring rental prices The city of Nicosia could have an additional 10,180 apartments, which could alleviate rising rental costs and soaring real estate prices, ...

The Cyprus-Greece Business Association on Monday released a statement congratulating newly elected president Nicos Christodoulides and wishing him “all the best with his challenging task”. In its statement, the association ...