Cyprus by the Numbers

Cyprus’ non-performing loan (NPL) ratio rose to 11.4 per cent in the first quarter of 2022, according to a report released this week by the Central Bank of Cyprus. The NPL ratio ...

The European Commission on Thursday said that the Cypriot economy exceeded expectations during the first quarter of 2022, with a number of sectors outpacing performance forecasts. “The Cypriot economy surprised on ...

The Research and Innovation Foundation (Idek) this week announced that it has provided funding to start-ups and other innovative businesses worth a total of €8.5 million. The foundation said that it ...

Value added in the construction sector in Cyprus dropped after 5 years of growth in 2020, according to the construction and land development survey conducted by the Cyprus Statistical Service (Cystat). The ...

The total value of assets under management (AUM) by Collective Funds declined by 3.9 per cent in the first quarter of 2022 over the previous quarter, while Management Companies and Undertakings of ...

The total number of permanent staff employed by the government decreased by 679 persons or 2.5 per cent, with the figure dropping from 26,629 to 25,950, according to the Cyprus Statistical Service (Cystat). In ...

Hellenic Bank on Monday announced that it has successfully launched and priced the issuance of €100 million Senior Preferred Notes, under its €1.5 billion Medium Term Note Programme (EMTN). According to the ...

Cyprus’ real estate sector is exhibiting resilience and adjustability, Council for Registration of Real Estate Agents president Marinos Kineyirou said on Monday. However, Kineyirou warned that the market will become ...

Cyprus’ trade deficit reached €2.96 billion for the period between January and May 2022, according to provisional data released by the Cyprus Statistical Service (Cystat) on Monday. This represents an increase of ...

The Research and Innovation Foundation (Idek) on Friday announced the launch of a new call for proposals for the programme titled ‘Proof of Concept for Technology and Knowhow Applications’. The ...

President Nicos Anastasiades on Friday hailed the approval of Cyprus’ social cohesion policy programme Thalia 2021-2017, calling it a landmark moment in the country’s efforts to restructure and evolve ...

The Cyprus Statistical Service (Cystat) on Thursday announced that the number of building permits in April 2022 decreased by 10.7 per cent year-on-year. Building permits during this time fell to 560, down from 627 ...

President Nicos Anastasiades on Thursday met with EU Commissioner for Cohesion and Reforms Elisa Ferreira, with the latter travelling to Cyprus to announce the approval of the Cohesion Policy’s ...

Total new loans recorded an increase in May 2022, amounting to €362.9 million in total, according to a report released this week by the Central Bank of Cyprus. This has been primarily ...

The Deputy Ministry for Research, Innovation and Digital Policy on Tuesday announced that minister Kyriacos Kokkinos is taking part in the 26th Annual Economist Government Roundtable, which is taking place ...

The Deputy Ministry of Shipping on Monday announced that minister Vassilios Demetriades is currently in Japan on an official visit. During his time in the country, the minister will hold ...

The Central Bank of Cyprus released a report this week noting that the country’s international investment position (IIP) improved slightly at the end of the first quarter. In addition, ...

The amount of total deposits in the Cypriot banking system decreased in May, but still represented nearly double the amount of loans, according to a report released by the Central ...

The average gross monthly earnings of employees during the first quarter of 2022, amounted to €2,019 compared to €1,891 during the first quarter of 2021, according to a report released this week by the ...

Cyprus Union Of Shipowners president Andreas Hadjiyiannis on Wednesday hailed the recent decision by the European Parliament to approve shipping’s inclusion in the EU emissions trading system. The plan ...

The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday announced that it successfully held an event addressing the Indian business community of the United Kingdom. The event, which took ...

The economic sentiment in Cyprus deteriorated in July, pushed downwards by weaker business confidence in services, industry and retail trade. The Economic Sentiment Indicator (ESI) compiled by the University of ...

Shipping Deputy Minister Vassilios Demetriades on Monday flew to Lisbon to attend the UN Ocean Conference taking place in the city, co-hosted by the Kenya and Portugal governments. A press ...

The Association of Large Developments (Sma) on Friday said that Cyprus should strive to become an international development and business centre, noting that large projects have been the cornerstone of ...