Cyprus by the Numbers

Cyprus’ fiscal accounts in the last quarter of 2021 generated a surplus of €37.7 million compared with a deficit of €648 million in the respective period of 2020. According to preliminary data released on ...

Tourist arrivals to Cyprus in March 2022 amounted to 128,840, with arrivals for the first quarter of the year reaching 244,705, according to data released on Thursday by the Cyprus Statistical Service (Cystat). ...

The Cyprus Institute of Certified Management Consultants (Sesek) on Wednesday announced that it has entered into a partnership agreement with Cyprus International Institute of Management (CIIM). The partnership entails Sesek ...

Cyprus’ trade deficit in January of this year amounted to €523.6 million, compared to €434.3 million in the corresponding month of 2021, according to data released on Tuesday by the Cyprus Statistical Office (...

In April 2022, economic sentiment in Cyprus improved as the Economic Sentiment Indicator (ESI-CypERC) increased by 2.8 points compared with March 2022, as shown by data published by the Economics Research Centre of ...

By Yiannis Seitanides The revision of GDP figures at current prices for 2021, brought Cyprus’ GDP to an all-time high of €23.43 billion during the previous year. Moreover, during this time, the ...

Hellenic Bank on Thursday posted its financial results for the previous year, showing a loss of €11.7 million for 2021. This primarily reflects impairment losses related to the completion of Project Starlight, ...

KPMG Cyprus on Tuesday announced that it has entered into a strategic partnership with AI specialists EBO. EBO is one of the leading companies in the field of customer engagement ...

Cyprus’ revenues from ship management rose to €516 million during the second half of 2021, corresponding to 4.2 per cent of Cyprus’ GDP in terms of turnover, according to the Central Bank of ...

6 in 10 businesses said that they will partially pass on increased costs to consumers Cypriot businesses are expecting their turnover to suffer from the adverse effects of the war in Ukraine ...

The Cypriot economy continues to show signs of growth, improving its performance over the previous year, but external factors are contributing to a loss of momentum, according to a report ...

The prospects of business and trade cooperation between Cambodia and the Larnaca Chamber of Commerce and Industry were discussed at a meeting between the two on Thursday. “The meeting took ...

The Cyprus property market prices recovered during the fourth quarter of the previous year, boosted by high local demand, according to the Central Bank of Cyprus’ residential property price index ...

An estimated 3.6 million unemployed people in the European Union found employment in the fourth quarter of 2021, according to data released on Wednesday by Eurostat, the EU’s statistical service. This ...

Association of Large Developments president and Cyprus Chamber of Commerce (Keve) vice president Andreas Demetriades on Tuesday asked that the government quickly proceeds with the launch of an international tender ...

The Cyprus Chamber of Commerce and Industry (Keve) on Monday announced that it successfully held an event on April 5 on nanotechnological solutions in Cypriot companies. The event, which also explored ...

European Investment Bank (EIB) president Werner Hoyer during his visit to Cyprus on Monday confirmed that projects in Cyprus absorbed €303 million during the previous year, with both the private and ...

Limassol-based regulatory reporting firm Point Nine announced on Thursday that it has agreed to enter a partnership with regulatory specialists Kaizen Reporting. Kaizen Reporting, a London-based firm, have previously combined ...

Inflation jumped to 7.1 per cent, the highest level in 26 years, in March 2022, on an annual basis, according to data released by the Cyprus Statistical Service earlier this week. This is ...

The Paphos regional board of tourism (Etap) this week announced that it participated in the inaugural meeting for the U-Mar Project, in Sicily, as part of the actions of the ...

Revenues from tourism in the first month of 2022 exceeded €28 million, with the rate of decline in revenue compared to the pre-pandemic era, meaning January 2020, remaining lower than the corresponding rate ...

The value of Total Assets under Management reached €11.6 bn in the fourth quarter of 2021, recording a minor decrease of 0.2 per cent compared to the third quarter of 2021, according to the ...

PwC Cyprus Director of Technology Advisory Services Minos Georgakis on Tuesday said the pandemic accelerated companies’ digital acceleration, forcing organisations to adapt to the new normal. Georgakis differentiated between the ...

The Central Bank of Cyprus on Monday said that the coronavirus outbreak in Cyprus, exacerbated by the emergence of the Omicron variant, led to a sudden tightening of business loan ...