Cyprus by the Numbers

Total new loans granted by Cyprus’ banks decreased by € 72.6 million in October 2021, compared to the previous month, mainly due to the significant reduction of new loans to non-financial corporations for ...

According to a report released by the Cyprus Statistical Service (CyStat) this week, Cyprus’ GDP growth rate in real terms during the third quarter of 2021 is positive and estimated at 5.5 ...

Chamber of Commerce and Industry president Christodoulos Angastiniotis expressed ‘strong reservations and concerns’ about the potential introduction of the minimum wage in Cyprus on Wednesday, adding that the current system ...

Business activity in the accommodation and food services sector has increased significantly, rising by 84.1 per cent in the third quarter of 2021, according to a report by the Cyprus Statistical Service. ...

The Bank of Cyprus has posted an after-tax profit of €19 million for the third quarter of 2021, with after-tax profit reaching €20 million for the first nine months of the year, it ...

Hellenic Bank said Tuesday it has posted an after-tax profit of €21 million for the first nine months of 2021, as net interest income rose to €192.8 million. Non-interest income was €74.2 million. “Despite ...

Space Hellas, a technology solutions company operating in the fields of information technology, telecommunications and security, saw a consolidated turnover of €62.4 million during the first three quarters of 2021, reflecting a ...

The employment rate in the third quarter of 2021 stood at 60.3 per cent compared to 57.7 per cent in the same quarter of 2020, data released by the Cyprus Statistical Service (CyStat) on ...

Regulatory reporting firm Point Nine has announced a partnership with US company FIS, looking to bolster its ability to provide trade and transaction reporting services to legal entities in overseas ...

The technology sector can become the Cypriot economy’s main source of growth while offering quality professional career opportunities to young Cypriots, a study by the IMR-University of Nicosia research ...

The Minister of Energy, Commerce and Industry Natasa Pilides will assume the presidency of the East Mediterranean Gas Forum on January 1, 2022, taking over from Tarek El Molla, the Minister of ...

The Cyprus University of Technology (Tepak) announced on Friday that it has managed to achieve significant savings in the total amount of property rents it pays to house its schools ...

The CEO of DP World Limassol, Nawaf Abdulla, took part in a panel discussion as part of DP World Group’s CARGOES Digital Trade Flow event, held on the side-lines ...

Economic activity started recovering from the sharp recession as of the first half of 2021, driven mainly by domestic demand, although tourism activity still remains well below the pre-pandemic level, the ...

The Minister of Agriculture Costas Kadis said that the Department for the Environment is applying great efforts to inform all stakeholders about the LIFE programme in order to maximise Cyprus’ ...

Port workers at the Eurogate Container Terminal Limassol and DP World Limassol participated in a one-hour work stoppage on Tuesday, November 23. According to a press release by the two participating ...

The Cyprus Integrity Forum (CIF), an independent, non-profit and non-governmental organisation, signed on November 15 a memorandum of understanding with fellow non-profit organisation Oxygono. The CIF, which was launched in 2010 and ...

Tourist arrivals reached 391,638 in October 2021, reflecting an increase of 288.6 per cent year-on-year, according to data released by the Cyprus Statistical Service (Cystat) on Friday. Tourist arrivals in October of the ...

Inflation in Cyprus reached 4.4 per cent during October of this year, according to the European statistical service (Eurostat). Cyprus’ inflation figure is slightly above the European Union average of 4.1 per ...

Cyprus’ economy is recovering at a swifter rate than previously thought, with real GDP on track to reach pre-pandemic levels by the fourth quarter of this year, credit ratings agency ...

The Cypriot IT services market exceeded €100 million in total value this decade, reaching €113.16 million in value during the previous year, a rise of 12.8 per cent since 2018, according to a report ...

The Cyprus Ministry of Finance said on Wednesday the economy’s performance during the third quarter of 2021 reaffirm the resilience of the economy and bode well for the final quarter ...

Cyprus Deputy Minister for Tourism Savvas Perdios said that the current level of tourist arrivals has been deemed satisfactory. Tourist arrivals between January and October of this year amount to 45 ...

The digitisation of banking services is ‘not an option, but an urgent need’, the Hellenic Bank CEO Oliver Gatzke said on Monday at The Economist’s annual Cyprus Summit in ...