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
Tourist arrivals in Cyprus saw an annual increase of 4.5% in September, rising to 509,463 compared to 487,350 in the same month last year, while year-to-date this number has grown to 3,268,090
The benchmark index for the cost of construction materials in Cyprus, that in addition to market demand also determines the value of newly built residential and commercial properties, saw a minor drop
Electric vehicles and hybrid sales are galloping at unprecedented levels in Cyprus, with the registration of eco-friendly cars increasing in the first nine months of the year to the detriment of petrol
Tourists from Switzerland were the biggest spenders in Cyprus in July, staying on average half a day longer and dishing out about €170 more per person than in the same month last
By Nick Kochan Cyprus was once a congenial bolthole for Russians who sought security for their business, with minimal controls or taxes. The coastal resort of Limassol was dubbed ‘Little Russia’ and
By Nick Kochan Thomson Reuters Regulatory Intelligence Analysis Cyprus’s financial services compliance and enforcement organisations have been undergoing root-and-branch reforms, but the island’s regulation remains overshadowed by a legacy of largely Russian financial
The number of building permits issued in June jumped to a post-Covid high of 1,528, triple the monthly average of the past five years, due to growing demand for residential units, as
Capital Intelligence has upgraded the sovereign ratings for Cyprus based on improving public finances, persistent budget surpluses and a rapid decline in general government debt. CI Ratings said it has upgraded the
