Cyprus by the Numbers

The Retail Trade Turnover Value Index increased by 11.4 per cent in July 2022, compared to the corresponding month of the previous year, while the Retail Trade Turnover Volume Index increased by 1.5 ...

The fiscal accounts of the general government generated a surplus of €141.8 million for the period of January – July 2022, marking a sizeable improvement compared to a deficit of €711 million in the ...

The accommodation and catering services sector showed the largest annual increase in the turnover index during the second quarter of 2022, reflecting the recovery of the tourism industry, according to a ...

Deputy minister for shipping Vassilis Demetriades on Wednesday travelled to the Netherlands to support and promote Cypriot shipping through a number of meetings with Dutch shipping companies. According to an ...

The Bank of Cyprus on Wednesday released its financial results for the first half of 2022, posting a profit after tax of €50 million, marking a significant improvement over the €1 million loss ...

Total petroleum product sales in Cyprus experienced a slight drop in July, with sales from gas station pumps falling for the second month in a row, according to a report ...

A number of loopholes and weaknesses in how rules are enforced have resulted in the delay of millions of euros in taxes being collected, according to a report released this ...

CarVal, an established global alternative investment manager, on Monday, increased its stake in the Bank of Cyprus to 9.07 per cent, up from the previous percentage of 8.57 per cent, through the ...

Tourism revenue reached €835.7 million in the first half of 2022, reflecting a significant increase compared to the corresponding period of 2021, according to a report released on Monday by the Cyprus Statistical ...

The balance of deposits in Cyprus amounted to €51.2 billion, while the balance of loans to €28.6 billion in July 2022, registering a net decrease compared to June, according to a report published ...

Cyprus Securities and Exchange Commission (CySEC) chairman George Theocharides on Thursday said that the commission is closely monitoring the non-binding takeover offers submitted by private equity firm Lone Star for ...

Deputy minister of shipping Vassilis Demetriades on Thursday met with Panama’s director of the general directorate of seafarers, captain Juan Maltez, and the ambassador of Panama Julie Lyberopoulos, in ...

Deputy Minister of Tourism Savvas Perdios on Wednesday said that two major schemes are being prepared that aim to upgrade Cyprus’ tourism product. These include improving and upgrading services, with ...

Cypriot company Point Nine on Tuesday announced that it has been selected as one of the 50 best companies to watch in 2022 by The Silicon Review, one of the world’s ...

Paphos hoteliers association (Pasyxe) president Thanos Michaelides on Monday said that hotel occupancy rates in the district are ranging between 80 and 85 per cent, before falling to approximately 70 per cent in ...

The Harmonized Index of Consumer Prices in July 2022 increased by 10.6 per cent compared to July 2021, while compared to the previous month it increased by 1.7 per cent, according to data released ...

International flights by Cyprus residents to foreign destinations picked up during July, according to a report by the Cyprus Statistical Service released this week. Based on the data, foreign trips ...

Following the news that international financial technology firm Revolut received approval to create a crypto hub in Cyprus, the Cyprus Securities and Exchange Commission (CySEC) on Wednesday confirmed that it ...

Cyprus’ economy recorded positive growth in the second quarter of 2022, according to a preliminary estimate by the island’s Statistical Service. As announced on Wednesday, the growth rate of the ...

There was a €24.6 billion international trade deficit in the euro area in June 2022, according to a report released on Tuesday by the European Union’s statistical office (Eurostat). In addition, ...

A small increase of 0.09 per cent was recorded in the price index of construction materials for the month of July 2022, compared to the previous month, according to a report by ...

Cyprus’ public debt declined to €24.18 billion at the end of June 2022, marking a 3.1 per cent reduction compared with the respective period of last year, according to the latest available data. ...

The high demand in the Cypriot real estate sector is in the process of being met with numerous high-value investments, with the Limassol district taking the lion’s share, the ...

Association of Large Investment Projects president Andreas Demetriades this week said that there are still issues related to Cyprus’ permanent residence programme and asked for the Interior Ministry to “immediately ...