Business - Page 3

Cyprus tourism revenue plunges 90%

Cyprus tourism revenue in July plummeted 89.9% to €42.5 mln from €422 mln in the same month last year due to travel restrictions to stem the pandemic. The outlook was no better

Average gross monthly earnings up 1.7%

Average gross monthly earnings of Cyprus employees during the second quarter of 2020 increased by 1.7% to €1,925 from €1,893 during the same period last year, according to provisional figures. However, seasonally

Economic sentiment deteriorates in September

Weaker confidence in services and construction saw the Economic Sentiment Indicator (ESI-CypERC) decrease further by one point in September compared to August. According to the Economics Research Centre of the University of