Cyprus by the Numbers

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). ...

Interest rates on deposits in Cyprus have experienced a slight increase, while interest rates for housing and consumer loans have decreased, according to a report published on Friday by the ...

Inflation in Cyprus rose to 8.7 per cent in November 2022, according to a report released on Friday by the Cyprus Statistical Service (Cystat). Meanwhile, the Consumer Price Index rose by 0.54 points ...

Cyprus recorded a GDP growth rate of 5.5 per cent in real terms during the third quarter of 2022, compared to the corresponding quarter of 2021, according to a report released on Thursday ...

The Producer Price Index in Industry in Cyprus for the month of October 2022 reached 141.9 points (base 2015=100), marking an increase of 0.2 per cent compared to September 2022, according to a report released ...

In 2021, the labour market slack, which comprises all people who have an unmet need for employment, amounted to 15.0 per cent of the extended labour force among people aged 15 to 74 years ...

Finance Minister Constantinos Petrides on Thursday addressed the first annual Financial Markets Forum, speaking on a number of issues, including recent economic developments, the evolution of the financial sector, growth ...