As Cyprus remains permanently undecided on how to replace the short-term gains from selling passports, nobody seems to care about investing in the next generation of talent, either locals or attracting young
Cypriot economic sentiment improved in January spurred on by stronger business confidence in the services sector, according to the University of Cyprus index. In January, economic sentiment in Cyprus advanced as the
Cyprus economic growth is expected to decelerate in 2020, with real GDP dropping from 4.1% in 2018 and 3.4% in 2019 to 2.8%, due to faltering confidence, risks related to bad loans
Strong consumer spending and a surge during Christmas put a smile on the economy with credit card transactions last year increasing 11% compared to 2018, according to JCC payment systems. A reflection
Non-performing facilities in Cyprus banks recorded a slight decrease of around €1.4 mln in August 2019 compared to the previous month with total NPFs representing 29.3% of total loans. According to data
Momentum in the Cyprus real estate market will continue to grow fostered by renewed local and foreign investment recorded, President Nicos Anastasiades said. Addressing a ceremony for the 2019 State Architecture Awards,
Registered Cyprus unemployed recorded a 15% drop in December on an annual basis falling from 29,800 in 2018 to 25,285, official data shows. Unemployed people registered at the District Labour Offices on
Economic sentiment in Cyprus declined to its lowest level in 2019 during December due to weaker business confidence in services and industry. The Economic Sentiment Indicator compiled by the University of Cyprus’
By Michael Antoniou The Cyprus Employers & Industrialists Federation (OEB) believes that 2019, a tough year for the Cyprus economy overall and without disregarding several positive developments, draws to an end with
By Yiannis Tirkides The Cyprus economy has achieved considerable progress in the post-bailout years, and the recovery that started in 2015 continued uninterruptedly into 2019 as well. The outlook for 2020 remains
