Cyprus by the Numbers

The Central Bank of Cyprus (CBC) this week released a report showing that pure new credit granted by Cypriot banks in June rose to €343.6 million, representing an increase of 32 per ...

The Gloria Jean’s Coffee franchise in Cyprus will now be under new ownership, with the new owner being Lanitis Entertainment. This marks the end of C.C. Coffee Company’...

PwC Cyprus on Monday said that its specialised seminar on headquartering, titled ‘Headquartering in Cyprus: The why and the how’, attracted a great deal of interest. The seminar, which took ...

Venus Minerals chairman and Euromines president Mark Rachovides on Friday said that the European Union must step up its domestic production of critical raw materials to accelerate the green energy ...

Cypriot banks see a tightening of lending criteria for the second quarter of 2022, due to the uncertainty related to Russia’s invasion of Ukraine, according to the Q1-22 Bank ...

Evgenios Evgeniou, chairman of the Cyprus Investment Promotion Agency, commonly referred to as Invest Cyprus, on Wednesday said that the country’s efforts to attract foreign companies have helped the ...

The Central Bank of Cyprus on Wednesday released a report which showed that the outstanding amount of deposits in June reached €51.3 billion. Moreover, the report by the central bank also ...

Tryfon Tseriotis, a company that markets and distributes more than 40 local and international brands, on Tuesday announced that it will be providing its employees with additional days of annual leave ...

Startups4Peace (Su4P), an EU-funded innovative entrepreneurship project backed by the Finnish embassy, announced on Monday the launch of its programme for 2022. The programme is delivered in partnership with ...

The Cyprus Investment Funds Association (CIFA) on Monday released a public statement congratulating Irene Mylona-Chrysostomou for her recent appointment as the new Registrar of Companies and Intellectual Property. “Mrs. Mylona-Chrysostomou ...

The Construction Materials Price Index increased by 19.42 per cent year-on-year in June, reflecting the rising costs in construction, as well as the resulting price increases in the sector, according to ...

Cyprus’ non-performing loan (NPL) ratio rose to 11.4 per cent in the first quarter of 2022, according to a report released this week by the Central Bank of Cyprus. The NPL ratio ...

The European Commission on Thursday said that the Cypriot economy exceeded expectations during the first quarter of 2022, with a number of sectors outpacing performance forecasts. “The Cypriot economy surprised on ...

The Research and Innovation Foundation (Idek) this week announced that it has provided funding to start-ups and other innovative businesses worth a total of €8.5 million. The foundation said that it ...

Value added in the construction sector in Cyprus dropped after 5 years of growth in 2020, according to the construction and land development survey conducted by the Cyprus Statistical Service (Cystat). The ...

The total value of assets under management (AUM) by Collective Funds declined by 3.9 per cent in the first quarter of 2022 over the previous quarter, while Management Companies and Undertakings of ...

The total number of permanent staff employed by the government decreased by 679 persons or 2.5 per cent, with the figure dropping from 26,629 to 25,950, according to the Cyprus Statistical Service (Cystat). In ...

Hellenic Bank on Monday announced that it has successfully launched and priced the issuance of €100 million Senior Preferred Notes, under its €1.5 billion Medium Term Note Programme (EMTN). According to the ...

Cyprus’ real estate sector is exhibiting resilience and adjustability, Council for Registration of Real Estate Agents president Marinos Kineyirou said on Monday. However, Kineyirou warned that the market will become ...

Cyprus’ trade deficit reached €2.96 billion for the period between January and May 2022, according to provisional data released by the Cyprus Statistical Service (Cystat) on Monday. This represents an increase of ...

The Research and Innovation Foundation (Idek) on Friday announced the launch of a new call for proposals for the programme titled ‘Proof of Concept for Technology and Knowhow Applications’. The ...

President Nicos Anastasiades on Friday hailed the approval of Cyprus’ social cohesion policy programme Thalia 2021-2017, calling it a landmark moment in the country’s efforts to restructure and evolve ...

The Cyprus Statistical Service (Cystat) on Thursday announced that the number of building permits in April 2022 decreased by 10.7 per cent year-on-year. Building permits during this time fell to 560, down from 627 ...

President Nicos Anastasiades on Thursday met with EU Commissioner for Cohesion and Reforms Elisa Ferreira, with the latter travelling to Cyprus to announce the approval of the Cohesion Policy’s ...