Tourist arrivals as well as overseas travel by Cyprus residents were down in April, with arrivals dropping by 2.7% to 333,563 in April, compared to 342,736 in April last year, recording a
The number of building permits in Cyprus issued by municipal and district authorities rose to 706 in February, up from just below 600 each in January and December, according to the Statistical
The Cyprus economy’s growth rate in real terms during the first quarter of 2024 is positive and gross domestic product is estimated at 3.5% year-on-year, according to the flash estimate by the
Economic sentiment in Cyprus improved mildly in April after two months of deterioration, as the University of Cyprus Economic Sentiment Indicator (ESI-CypERC) increased by 0.8 points compared with March. Having risen to
Real activity growth in Cyprus is expected to continue this year at a similar pace as in 2023 and to gather momentum in 2025, according to a quarterly survey published by the
The island’s economy is slowing, with the growth rate turning negative for the second month in a row, according to a leading indicator used to predict the future direction of economic movements
The trade deficit for the first two months of the year fell to €1,144.4 mln, compared to €1,929.6 mln in January-February last year, on a significant 32% drop in imports and a
Cyprus appointed a new Central Bank Governor on Tuesday, just in time for Christodoulos Patsalides to attend the ECB monetary policy meeting in Frankfurt on Thursday. The appointment was announced on Monday
State borrowing must be reduced, says Fiscal Council The Fiscal Council, advising the Cyprus government on economic policies, has renewed a warning call that borrowing from the Social Insurance Fund has reached
Consumers in Cyprus are still grappling with the lingering effects of previous inflation surges, despite a slowdown in the inflation rate to its lowest level in three years this March. The cost
