Cyprus by the Numbers

Advisory and consulting firm Deloitte Cyprus this week released its annual tax guide for the current year, which the firm titles ‘Cyprus Tax Facts 2023’. The tool is a comprehensive guide, ...

Inflation in Cyprus for the period between January and December 2022 recorded an increase of 8.4 per cent, compared to the corresponding period of the year before, while an inflation rate of 7.9 ...

The Central Bank of Cyprus (CBC) on Wednesday published a report detailing interest rate statistics concerning Cypriot banks, including for deposits and loans of eurozone residents in euros, as well ...

The main indicators concerning Cyprus’ foreign trade experienced a decline during the third quarter of 2022, according to a report using preliminary data, which was published on Tuesday by the Central ...

Advisory and consulting firm PwC Cyprus on Monday published its tax guide for 2023, providing a valuable source of information on the current tax system of Cyprus, which the company made ...

The outgoing year saw a number of key events in Cyprus’ economy and business world, ranging from domestic legislation to influential international incidents By Kyriacos Nicolaou Resilience amidst adverse conditions ...

The average gross monthly earnings of employees in Cyprus marked a 5.3 per cent year-on-year increase in the third quarter of 2022, according to a report released this week by the Cyprus ...

The National Betting Authority this week announced that it recorded a 24 per cent year-on-year increase in gross betting revenue during the third quarter of 2022, generating €238.1 million, compared to €192.08 million in ...

Cyprus VAT Association (Cyva) president Demetra Constantinou this week provided a summary of the benefits, services, and the reason for establishing the association. Constantinou stated that the main reason for ...

Hourly labour costs, which take into account the total cost incurred per hour, increased by 5.5 per cent in the third quarter of 2022, compared to the corresponding quarter of the previous ...

The Cypriot government generated a surplus of €651.4 million for the period between July and September 2022, compared to a surplus of €319.5 million in the corresponding period last year, according to a ...

The Paphos Chamber of Commerce and Industry (Evep) on Monday vowed to provide training resources for SMEs and entrepreneurs, including both existing and future ones, as well as examples, best ...

Rating agency DBRS Morningstar this week said that Cyprus was one of only five countries whose credit rating it upgraded during 2022, a year marked by a plethora of challenges, all ...

The Bank of Cyprus was named Bank of the Year in Cyprus for 2022 by the international magazine ‘The Banker’. According to an announcement from the Bank of Cyprus, Panicos Nicolaou, ...

Cyprus’ GDP is estimated to have reached a growth rate of 5.8 per cent for 2022, according to a report released on Friday by the Central Bank of Cyprus (CBC). However, in ...

The board of directors of the state-owned Cyprus Asset Management Company (Kedipes) on Thursday announced that they have decided on a new payment to the state to the tune of €80 ...

The Cypriot banking system incurred losses after tax of €36 million, on a consolidated basis, in the first half of 2022, compared to profits of €22.54 million in the corresponding period of 2021, according ...

Cyprus’ trade deficit reached €6.17 billion in the period between January and October 2022, amid a wave of price increases following the war in Ukraine, exceeding the deficit of 2021 as a whole, ...

Government employment in Cyprus experienced a 1 per cent increase year-on-year in November 2022, according to a report released on Monday by the Cyprus Statistical Service (Cystat). The increase has been primarily ...

Governor of the Central Bank of Cyprus Constantinos Herodotou this week told the Bloomberg Global Regulatory Forum 2022, which was held in London on December 6, that any recession is expected to ...

The East Mediterranean Gas Forum (EMGF) this week announced that it has decided to approve the proposal of the Cypriot Presidency of the forum for the creation of a Scientific ...

Cypriot company Tototheo Maritime, a leading maritime technology integrator and provider, this week announced that its co-CEO Despina Panayiotou Theodosiou was included in Lloyd’s List of 100 People in Shipping, ...

Unemployment in Cyprus increased in November both on a monthly and annual basis, according to a report released on Monday by the Cyprus Statistical Service (Cystat). According to the report, ...

Cyprus’ general government posted a surplus of €556.4 million for the period between January and October 2022, according to the preliminary financial results published this week by the Cyprus Statistical Service (Cystat). ...