Economy

Registered jobless reaches decade low in November

Registered unemployed registered at District Labour Offices, based on data adjusted for seasonal fluctuations, reached November 2019, the lowest level since February 2010. According to official data, unemployed persons registered on the last day of November reached 24,495. Based on

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Cyprus car sales slump 7.1%

Car sales were down by 7.1% in 2019 compared to the previous year with dealers calling on the government to push the much-awaited scrappage incentive package to revive the stagnated market. After

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Bad loans reduce slightly to €9.7 bln

Non-performing facilities in Cyprus banks recorded a slight decrease of around €1.4 mln in August 2019 compared to the previous month with total NPFs representing 29.3% of total loans. According to data

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House approves 2020 budget with conditions

Cyprus Finance Minister Constantinos Petrides welcomed parliament passing the €9.4 bln 2020 state budget for the government to continue on the path of economic stability, growth and shielding the economy from external

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