Economic sentiment in Cyprus improved in June, rising by 2.3 points from May to 75.2, following the post-COVID-19 fallout when from the February level of 111.0, the indicator crashed to 98.9 in
Cyprus will see its economy shrink by 7% of GDP as a direct result of the COVID-19 pandemic and the lockdown imposed to contain it, said the Finance Ministry on Thursday. In
Nicosia is set to revoke Cyprus citizenship from at least 26 suspect investors as soon as the House of Representatives passes a law on tighter controls approved by cabinet earlier this week.
Cyprus vehicle registrations recorded a drop of 29% in the first five months to May on an annual basis, official data shows. In May, the month when COVID-19 containment measures were gradually
Unemployment in Cyprus increased to 8.9% (41,000 people) in April from 7.5% the month before as the economy felt the full effects of COVID-19 lockdown measures. The jobless rate was 8.5% among
The Cyprus government announced an ‘improved plan B’ with a major input from the European Investment Bank to rescue the economy hurt by the coronavirus pandemic with loans worth €1.7 bln, as
Cyprus saw its income from tourism nosedive by 73.5% in March as it enforced a commercial flight ban and tightened COVID-19 lockdown, according to official data released Wednesday. As of March 15,
Hellenic Bank, Cyprus’ second-largest lender, posted net profits of €108 mln for 2019 with its CEO, Ioannis Matsis, stating it is in a stronger position to tackle challenges like the COVID-19 pandemic.
DBRS Morningstar has confirmed the Republic of Cyprus’s long-term foreign and local currency – issuer ratings at BBB (low) and changed the trend to ‘stable’ from ‘positive’, with the short-term foreign and
Brussels is initiating a series of new economic measures worth €11 mln to help address broader socio-economic impact of the Covid-19 pandemic in the Turkish Cypriot community. This package includes support for