Cyprus by the Numbers

The cabinet of ministers this week approved a bill amending the income tax law so that the existing tax exemption for the amount of investment in an approved small-to-medium innovative ...

Zavos Group chief executive Michalis Zavos this week said that Limassol is experiencing a surging demand in rental properties, with office space being particularly sought after. “The problem lies in ...

State-owned asset management company Kedipes announced on Monday that it repaid €100 million in state aid during the second quarter of the current year. Following the latest tranche, Kedipes’ state aid ...

Cypriot company Tototheo Maritime, a leading maritime technology integrator and provider, announced on Thursday recently inaugurated its new office in Bremen, Germany. Headquartered in Cyprus, Tototheo Maritime has been offering ...

The Cyprus Statistical Service (Cystat) on Wednesday reported that there was an increase in job vacancies during the first quarter of 2022 when compared to the corresponding period of 2021. According to ...

The Cyprus Composite Leading Economic Index (CCLEI) turned negative in May, following annual increases in the previous months, reflecting the uncertainty driven by the war in Ukraine. The CCLI compiled ...

Limassol port management company DP World Limassol on Tuesday said that its aim is to re-establish Cyprus as a key cruise hub in the Eastern Mediterranean. Speaking at the 2nd ...

The Chartered Financial Analyst (CFA) Institute, a global association of investment professionals, on Friday awarded the prize of Most Outstanding Society Award 2022 to CFA Society Cyprus. CFA Society Cyprus was ...

The growth rate for 2022 is expected to be 2.7 per cent, while inflation will rise to 7 per cent, according to the revised June forecasts, published by the Cyprus Central Bank on ...

Cyprus’ trade deficit increased by 22.79 per cent year-on-year in the period January-April 2022, according to preliminary data published on Thursday by the Cyprus Statistical Service (Cystat). The deficit amounted to €2.24 billion, ...

Quant Insight (Qi), a Limassol-based quantitative financial market analytics and trading insights provider, on Wednesday announced that it has entered into a collaborative initiative with Goldman Sachs. The collaboration will ...

Total employment for the first quarter of 2022 increased by 1.9 per cent when compared to the corresponding quarter of 2021, according to a preliminary estimate by the Cyprus Statistical Service (Cystat) released ...

Liquid fuel prices in Cyprus increased by 33.63 per cent between January to May 2022, according to data by the Cyprus Statistical Service (Cystat) and subsequently processed by the Cyprus Consumers Association. ...

The Cyprus Chamber of Commerce and Industry (Keve) earlier participated and presided over the first annual general meeting of the Association of Balkan Chambers for 2022. The Association of Balkan Chambers ...

The International Monetary Fund (IMF) executive board on Wednesday evening concluded its article four consultation for Cyprus, which included an assessment of the country’s economic and financial developments. According ...

Business deposit rates fell further in April, turning negative for the first time in the history of the banking system, according to a report by the Central Bank released on ...

The growth rate of the Cypriot economy grew by 5.9 per cent year-on-year in the first quarter of 2022 according to a report by the Cyprus Statistical Service (Cystat) released on Wednesday. ...

The unemployment rate fell to 6.6 per cent in the first quarter of 2022, a fall of 2 per cent year-on-year, with total employment increasing by 28,659 people, according to a report by the ...

The Producer Price Index in Industry for the month of April 2022 reached 123.8 points (base 2015 = 100), recording an increase of 19.5 year-on-year, according to a report by the Cyprus Statistical Service (Cystat) released ...

The Industrial Production Index for the month of March 2022 reached 135.7 points (base 2015 = 100), recording an increase of 6.9 per cent year-on-year, according to data released this week by the Cyprus Statistical Service (...

Non-performing loans at the end of February 2022 fell to 11.3 per cent of total loans, according to data released by the Central Bank on Monday. This represents a 0.4 per cent month-on-month ...

There was a net increase in both total deposits and total loans in April, when compared to March, according to a report published on Friday by the Central Bank of ...

The Nicosia Tourism Board (Etap Nicosia) announced on Thursday the successful completion of the Facilitating Accessibility in Support of Tourism (FAST) programme, which took place on May 18-19, 2022. The event ...

Cyprus-licensed bank AstroBank on Wednesday announced that it recorded an after-tax profit of €3.3 million in 2021, a notable improvement on the €18 million loss it sustained in 2020. Moreover, the bank recorded a ...