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
Labour unions rejected the mediation proposal by the Cyprus labour minister, aimed at avoiding an all-out conflict in the hotel sector, citing that the collective agreement should have a more solid legal
Germany wants to extradite an online scammer arrested in Cyprus on Thursday, involved in financial fraud worth €300 mln. A large-scale online investment scam was dismantled last week with the perpetrators allegedly
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
As Europe’s real estate sector faces significant challenges due to inflationary pressures and rising interest rates, the property markets in Cyprus, Greece, and Serbia remain resilient, offering attractive opportunities for both local
The governor of the Central Bank of Cyprus (CBC) Chris Patsalides issued a startling warning last week for banks to reconsider their pricing strategy. He warned that banks should consider social dimensions
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
