Revenue from Cyprus tourism rose 3.1% year-on-year with income estimated at €39.6 mln in January from €38.4 mln in 2018. According to official data, expenditure per person fell 4.6% to €483.26 in
Based on seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for March decreased to 23,797 from 24,095 in the previous month. This figures marks a nine-year
Melco, the company bringing City of Dreams Mediterranean, Europe’s first Integrated Casino Resort (ICR) to Cyprus, has announced new career opportunities at the satellite casino in Αyia Napa, scheduled to open this
Interest rates for the majority of loans and deposits rose in February, according to data published by the Central Bank of Cyprus (CBC). Rates for consumer credit rose to 3.37% in February
In line with an increase in tourist arrivals this year, Cyprus airports have also seen passenger traffic improve 4.74% in the first three months of 2019. Passenger traffic at Paphos and Larnaca
Average gross monthly earnings of Cyprus employees increased 2.9% during Q4 2018 reaching €2,222 compared to €2,158 during the same period of 2017, based on provisional data. The average gross monthly earnings
In Cyprus the unemployment rate fell to 7.1% in February to 32,000, down from 7.3% in January 2019 and 9.4% a year ago. Cyprus also recorded the second largest annual decrease in
By Hussein Sayed, Chief Market Strategist at FXTM Investors have found fresh reasons to continue buying risk assets after a robust first quarter performance. A brighter manufacturing outlook from the world’s two
Fears of fiscal derailment grow as the cost of overtime work in the public sector reaches an all-time high since the country entered a restructuring programme as part of the bailout deal
A full-scale emergency exercise was successfully completed at Paphos International Airport, under the code name “Complete Terminal Evacuation”. Various government and non-governmental departments and services, operating in the airport, took part in
