Cyprus by the Numbers

Could taxing idle properties be the answer to the market’s inability to meet demand? The city of Limassol could have an additional 8,000 apartments, with many swathes of land currently ...

The domestic bonds issued by the Republic of Cyprus started 2023 with an increase, reflecting ongoing high inflation and the upward trend of key interest rates that is currently prevailing across ...

Shipping Deputy Minister Vassilios Demetriades this week welcomed the decision by cruise line Royal Caribbean to open an office for their group in Cyprus, saying that this decision is proof ...

The Council for Registration of Real Estate Agents on Friday announced that it successfully held its new year event, in which it recapped the events of 2022, and set the tone ...

Construction material prices in Cyprus reached a historically high level in 2022, surpassing the previous record recorded in 2021, according to a report released this week by the Cyprus Statistical Service (Cystat). ...

The harmonised index of consumer prices in Cyprus rose to 8.1 per cent in 2022, compared to 2021, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). In addition, ...

Tourist arrivals to Cyprus reached 3,201,080 people in 2022, compared to 1,936,931 in 2021, according to a report released on Tuesday by the Cyprus Statistical Service (Cystat). Despite the uptick over the year before, ...

The producer price index in Cyprus’ construction sector increased by 11 per cent in the third quarter of 2022, compared to the corresponding quarter of 2021, reaching 129.53 units, according to a report released ...

There was a decrease of 4.9 per cent in the number of building permits issued in Cyprus between January and October 2022, according to a report released on Thursday by the Cyprus ...

The House Price Index registered an annual increase of 5.3 per cent during the third quarter of 2022, amounting to 112.51 points, according to a preliminary estimate released this week by the Cyprus ...

Cyprus’ trade deficit reached €6.82 billion in the period between January and November 2022, compared to €4.91 billion in the corresponding period last year, according to preliminary data published this week by the ...

Baker Tilly Cyprus, a firm specialising in assurance, audit, and financial compliance reporting, as well as advisory, tax and specialist consulting, this week released its Cyprus Tax Facts guide for 2023. ...

Consulting, assurance, and tax advisory firm EY Cyprus has released the latest edition of its Cyprus Tax Facts guide, which takes into account the most up-to-date legislative changes for 2023. “As ...

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 ...