Cyprus by the Numbers

Construction Price Index The Construction Price Index in Cyprus experienced a deceleration for the third consecutive quarter in April, indicating a slight alleviation of inflationary pressures within the sector. The ...

The Ministry of Finance this week stated that while the Cypriot economy is facing a period of increased uncertainty, its growth rate remains relatively high compared to other EU countries, ...

The Cypriot economy maintained its strong momentum in the first quarter of 2023, with the GDP showing a growth rate of 3.4 per cent on an annual basis. However, there are signs ...

There was a 12.7 per cent decrease in the issuance of new building permits in Cyprus during the first two months of 2023, according to data released by the Cyprus Statistical Service (...

Below are the top business stories from Cyprus from the week starting May 8: The Deputy Minister of Shipping, Marina Hadjimanoli, emphasised the importance of competitiveness, resilience, and anticipation of new ...

The first quarter of 2023 brought with it a sharp increase in Cyprus’ trade deficit, with imports rising significantly compared to the same period in 2022, according to a report released this ...

The Cyprus Statistical Service (Cystat) this week reported a significant increase in the weight of products transported by road within Cyprus, as well as to and from Cyprus, in 2022. The ...

The number of bad checks registered in Cyprus in April 2023 rose to 35, according to an announcement released on Monday by the Central Bank of Cyprus (CBC). The CBC’s data ...

Here are the top business stories in Cyprus from the week starting May 1: Credit rating agency DBRS Morningstar has acknowledged that the Cyprus government announced that it aims to achieve ...

The number of registered unemployed in Cyprus decreased in April 2023, compared to the same month last year, according to a report released this week by the Cyprus Statistical Service (Cystat). ...

The Cypriot government posted a surplus of €324.1 million for the first quarter of 2023, according to the preliminary fiscal results released this week by the Cyprus Statistical Service (Cystat). This figure ...

The performance of the Cypriot economy remains strong, despite a weakening of growth momentum in the last quarter of 2022, according to a report released this week by the Economics Research ...

Household assets in financial instruments amounted to €59.7 billion at the end of December 2022, according to an announcement by the Central Bank of Cyprus (CBC) released on Tuesday. According to the ...

The total sales of petroleum products in Cyprus decreased by 6.7 per cent in March 2023, compared to the same month in 2022, while showing an increase of 3.7 per cent compared to February 2023, ...

Cyprus’ trade deficit for 2022 amounted to €7.1 billion, according to a report released this week by the Cyprus Statistical Service (Cystat). The report revealed that the main trading partner for Cyprus ...

Harmonised inflation in Cyprus rose by 6.1 per cent in March 2023 compared to the same period last year, according to a report released this week by the Cyprus Statistical Service (Cystat). ...

The first phase of a scheme to transition hotel businesses to a circular economic model has begun in Cyprus, aimed at strengthening their competitiveness and resilience through sustainable practices. The ...

Cyprus’ trade deficit increased by approximately €1 billion during the first two months of the year, compared to the same period last year, according to a report released this week by ...

Cyprus-based property management company Altia on Wednesday announced that it will be managing a new real estate portfolio known as ‘Starlight’, which will be added to the existing portfolio managed ...

The Research and Innovation Foundation (Idek) recently organised a two-day information day aimed at highlighting the funding opportunities offered by the European Innovation Council through the Framework Programme for Research ...

The House Price Index in Cyprus fell by 4 per cent during the fourth quarter of 2022, compared to the previous quarter, falling to 108.03 points, down from 112.51, according to a preliminary estimate ...

DBRS Morningstar has confirmed the BBB rating with a stable outlook for Cyprus in both domestic and foreign currency over the long term, according to a report recently published by ...

Total deposits in Cyprus recorded a net increase of €357.1 million in February 2023, compared to the previous month, with their balance amounting to €51.9 billion, according to a report released this week ...

Deputy Minister of Tourism Costas Koumis this week visited the Limassol regional tourism board (Etal), pledging to provide solutions to longstanding issues in the district. The meeting, which also saw ...