Cyprus by the Numbers

The Cyprus Minister of Energy, Commerce and Industry announced this week that its commercial renewable energy system incentive schemes, including for the creation of photovoltaic parks, have been deemed successful. ...

The Price Index of Construction Materials increased by 17.1 per cent during December of 2021, compared to the corresponding month of the previous year, rising to 119.66 points (based on 2015 = 100), according to the ...

The Cypriot economy continued its recovery in December, carrying on with the trend of the two previous months, according to a report by the University of Cyprus Economic Research Centre ...

The hospitality industry has experienced a change in consumer behaviour during the coronavirus pandemic, according to research conducted by Insights Market Research (IMR) on behalf of Corporate Events and Media ...

The Recovery and Resilience Plan will facilitate the path towards improved productivity and significantly affect GDP growth, the Economics Research Centre of the University of Cyprus (CypERC) has said in ...

The commission’s market supervision area of activities has enjoyed significant growth, Cyprus Securities and Exchange Commission (CySEC) chairman George Theocharides said on Monday following a meeting with the house ...

Used car sales in Paphos fell by 10 per cent during the previous year, president of the Pancyprian Automobile Trade Association of Paphos (Pasyea) Andreas Shikkis told the Cyprus News Agency (...

TechIsland, an NGO representing 137 Cyprus-based technology companies, announced this week that it has completed its pledge to rebuild a school in fire-stricken Arakapas. “TechIsland members are donating a total of 900,000 ...

The Cyprus Economy and Competitiveness Council on Monday submitted a range of proposals for pursuing the growth and development of the tertiary education sector which would have many benefits for ...

Cyprus’ retail turnover recorded a significant increase on an annual basis in October, according to data released by the Cyprus Statistical Service (Cystat) on Monday. The Retail Trade Turnover Value ...

Property sales in Paphos district exceeded €2.5 billion in value over the past five years, a report from independent real estate asset management and advisory firm WiRE has revealed. The lion’...

The Cyprus Employers & Industrialists Federation (Oeb) president Antonis Antoniou said during his end-year address that the unpredictability of the past two years has hurt both private businesses and the ...

The current account balance of Cyprus and its international investment position improved in the third quarter of 2021, according to provisional data released by the Statistics Department of the Central Bank ...

The property market in Cyprus continued its recovery this year, with some indicators approaching pre-pandemic levels, according to a report released on Wednesday by real estate analysts Delfi Analytics. “2021 was ...

Eurobank announced this week the acquisition of an additional 2.7 per cent stake in Hellenic Bank, raising its total share in the Cypriot bank to 12.6 per cent. Eurobank acquired approximately 11.19 million ...

Chamber of Commerce and Industry president Christodoulos Angastiniotis said on Tuesday that the pandemic continues to be a source of uncertainty in regards to how the Cypriot economy is expected ...

The decision of Cypriot commercial banks to impose new charges on clients has sparked a fierce reaction from customers, trade unions, some political parties and interest groups. In the case ...

Cyprus has seen a 67 per cent increase in full-time researchers during the previous decade, according to a report released earlier this month by Eurostat, the statistical service of the European ...

The percentage of people who made online purchases showed a significant increase, which reached 48 per cent in the first quarter of 2021 compared to 34.1 per cent in the corresponding period last ...

The Human Resource Development Authority of Cyprus (Anad) announced on Thursday that it has allocated a budget of €23.3 million for a raft of training programmes, applicable to both employed and ...

Fitch Ratings announced earlier this month that it has affirmed insurance company CNP Assurances’ financial strength rating at A+ and its outlook to stable. International French group CNP Assurances is ...

The Cyprus Investment Promotion Agency, commonly known as Invest Cyprus, welcomed on Tuesday the recent signing of the Agreement on the Avoidance of Double Taxation and the Prevention of Tax ...

Tourist arrivals reached 148,973 in November of this year, a massive jump over the 8,952 during the same month in 2020, but still down on the 169,392 tourist arrivals in November of 2019. For the ...

The Cyprus Investment Funds Association (CIFA) announced on Monday that the investment fund sector enjoyed significant growth during 2021, with the total amount of Assets under Management (AuM) increasing by 48.7 per ...