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
The annual growth rate of a leading indicator used to predict the future direction of economic movements in Cyprus, continued to improve in August, as a result of an increase in almost
Morningstar DBRS has confirmed the Cyprus long-term foreign and local currency – issuer ratings at BBB (high) and changed the trend on the long-term ratings from ‘stable’ to ‘positive’, mainly because it
The Consumer Price Index (CPI) increased marginally in August to 118.0 points, up 0.31% from 117.73 in July, with the rate of inflation of cost of consumer goods and services rising 1.5%
Economic sentiment in Cyprus improved in August, as a benchmark index compiled by the University of Cyprus increased by 1.5 points from July, rising from 104.3 points to 105.8, marginally above the
