Cyprus by the Numbers

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 ...

Cyprus Airways on Wednesday announced that Paul Sies has been appointed to the position of chief executive officer, with Sies officially assuming the role on May 20. “Mr Sies has extensive ...

Cyprus Chamber of Commerce (Keve) vice president Andreas Demetriades on Tuesday called on the government and political parties to unite in order to best deal with the challenges posed by ...

The number of investment institutions increased from 257 in December 2021 to 273 in March 2022, according to a report on Monday published by the Central Bank of Cyprus (CBC). Moreover, for the same ...

The Cyprus Shipping Chamber (CSC) on Friday announced that it welcomes the positions adopted by the Environment Committee (ENVI) of the European Parliament regarding the revision of the EU Emissions ...

The Price Index of Construction Materials reached a historically high level in April 2022, with the prices of construction materials rising by 24.54 per cent year-on-year, according to a report by the ...

The growth rate of the Cypriot economy in the first quarter of 2022 remained positive, estimated to have risen by 5.8 per cent when compared to the corresponding quarter of 2021, according to ...

The positive year-over-year growth rate of the Cyprus Composite Leading Economic Index continues to slow down in April 2022. The index recorded a year-over-year increase of 2.4 per cent in April 2022, reaching ...

Hermes Airports on Tuesday announced that in May a total of 223 flights across 55 destinations are operating on a weekly basis from Paphos International Airport. In more detail, Paphos Airport this ...

The recent approval by the Cabinet of Ministers of a scheme to further incentivise the relocation of foreign workers and companies creates major opportunities for Cyprus, Invest Cyprus CEO George ...

Cypriot banks were presented with bad checks worth a total of €438,000 in April, according to data released on Wednesday by the Central Bank of Cyprus (CBC). This is the largest ...

Cyprus’ trade deficit in February amounted to €429 million, according to the finalised trade published by the Cyprus Statistical Service (Cystat) on Tuesday. In addition, the trade deficit in March 2022 reached €729 ...

Cyprus Investment Promotion Agency, known as Invest Cyprus, on Monday announced that it successfully participated in the International Hospitality Investment Forum, which took place in Berlin on May 3-5. This ...

A third of all real estate transactions in Nicosia during the first quarter of 2022 concerned apartments, according to a report by the Council for Registration of Real Estate Agents published ...

Governor of the Central Bank of Cyprus Constantinos Herodotou said on Thursday that the banking sector of Cyprus faces the effects of the Russian invasion of Ukraine from a financially ...

The non-performing loan ratio (NPL) of the Cypriot banking sector increased in January, according to a report by the Central Bank of Cyprus released on Thursday. The NPL ratio rose ...

The number of registered unemployed stood at 11,664 persons at the end of April 2022, according to data released this week by the Cyprus Statistical Service (Cystat). The latest figure reflects a ...

In April 2022, inflation was 8.8 per cent in Cyprus, with the Consumer Price Index increasing by 2.58 units to 110.36 units, compared to 107.78 units in March 2022, according to data published by the Cyprus ...

The Cyprus Statistical Service (Cystat) on Wednesday released the preliminary budget results for the period January-March 2022, with the report showing a general government surplus of €239.3 million. The surplus corresponds to 1 ...

Cyprus’ Fiscal Council on Tuesday announced that it has approved the forecasts and estimates submitted through the Stability Programme. The council also warned that if there is any delay in ...

Cyprus Chamber of Commerce and Industry (Keve) president Christodoulos Angastiniotis earlier this week said that the local businesses are now focused on enduring the current economic crisis. “The business community’...

Debt as a percentage of Gross Domestic Product (debt ratio) of households has decreased by nearly 30 per cent and for non-financial corporations 57 per cent in the last five years, the ...

The Retail Turnover Value Index increased by 7.7 per cent in March 2022 in comparison to the corresponding month of the previous year, according to data published by the statistical service on ...

The Famagusta Tourism Board (Etap) on Thursday night held an event designed to showcase the district’s tourist product to Polish tour operators. The presentation took place at the Thalassa ...