May tourism revenue jumps 40.7%

A substantial annual increase of over 40% was recorded in tourism revenue for May as holiday arrivals climbed. According to the official data, tourism revenue in May – when 420,000 tourists arrived

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May tourist arrivals spike 33%

The arrivals of tourists reached 420,076 in May from 315,018 last year, recording an increase of 33.3%, according to the Cyprus Statistical Service. Holidaymakers from the United Kingdom were the main source

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May inflation drops to two-year low

Annual inflation in Cyprus dropped to 3.01% in May, continuing its downward trajectory for a seventh consecutive month, mainly driven by the reduction of fuel prices. Price inflation in May marked the

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Greece ferry link to resume in May

The passenger ferry link between Cyprus and Greece will resume at the end of May, following a successful first season, announced operators Scandro Holding Ltd. They are currently “at the final processing

New bank loans up 28.2% to May

New credit granted by Cypriot banks increased by nearly 30% in the first five months of the year compared to 2021, pushed upwards by higher demand for household and business loans. According

Vehicle sales jumped 28% in May

In May, the total registrations of motor vehicles rose 28.2% annually, although, for the first five months of the year, the trend was downward. According to the Statistical Service on Wednesday, registrations

May inflation equals 40-year high

Cyprus is witnessing the highest inflation rate recorded in four decades, with May equalling the 9.1% registered in February 1982. The highest inflation rate Cyprus endured was 10.8% in 1981. The news

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