The Industrial Production Index in Cyprus reached 112.5 units in October, an increase of 2.0% compared to the same month last year, while for the January-October period, the index rose 3.8% compared
Hermes Airports, the international consortium operating the two main airports of Cyprus, marked a historic milestone in mid-December to serve a record 12 mln passengers this year and is expected to accommodate
Total sales of petroleum products in Cyprus amounted to 113,640 tonnes in November, a decrease of 4.7% from the same month last year, and a drop of 16% from the pervious month.
The annual growth rate of a leading indicator used to predict the future direction of economic movements in Cyprus, continued to improve for the sixth consecutive month in November, as a result
The ruling coalition partners and the main opposition Democratic Rally (DISY) approved the Christodoulides administration’s second budget, that foresees a 3.25% increase in expenses and 4.1% higher revenues. In all, 37 of
Moody’s has upgraded the Government of Cyprus long-term issuer and senior unsecured ratings by two notches from Baa2 to A3, returning to investment grade for the first time in 13 years. This
The cost of construction materials in Cyprus dipped marginally in October, despite an annual increase, while a standoff in the concrete market could see prices spiralling again. The statistical service said the
Two in every five cars registered in Cyprus this year are either electric vehicles or hybrids, with these engine types showing a healthy increase, while the share of petrol-powered vehicles dipped below
The trade deficit for the first nine months of the year narrowed by about €1.2 bln due to a significant drop in imports, as well as a decrease in exports, according to
Economic growth in Cyprus is expected to accelerate this year and to remain robust in 2025, supported by favourable labour market conditions, the return of inflation to around-target rates, and gradual declines
