German tourists were the top spenders in Cyprus in March, up from fifth last year, and dished out €779 per person which, based on an average stay of 7.9 days, works out
A small increase in exports in April, due to overseas sales of halloumi cheese and pharmaceuticals, helped narrow the trade deficit in the first four months of the year, with January-April imports
Fitch has raised the sovereign credit rating for Cyprus by a notch, with the country’s president saying this is a “vote of confidence” and a reward for maintaining a resilient economy. The
Economic sentiment in Cyprus improved in May, as the benchmark Economic Sentiment Indicator (ESI-CypERC) increased by 1.6 points from April to 104.5, up 1.4 points from May last year. The University of
A leading indicator, used to predict the future direction of economic movements in Cyprus, remained negative for the third month in a row in April, driven by a slowdown in tourist arrivals
Office rental rates are on the rise throughout the island, reaching the highest levels in five years and shaking off the COVID-19 effects for good, according to a recent Cyprus property market
The total weight of goods transported by road in Cyprus increased by 11.4% in the last quarter of 2023, compared to the corresponding period of October-December 2022, rising from 9.09 mln tonnes
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
