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


May economic sentiment improves

Economic sentiment in Cyprus improved slightly in May, with the monthly Economic Sentiment Indicator (ESI-CypERC) up by 1.1 points from April due to stronger business confidence in services. However, at 106.1 points,


Eni-Total to resume drilling in May

Energy consortium Eni-Total next drill venture in Cyprus’ Exclusive Economic Zone will probably take place in May as soon as the drilling rig completes its work in Egypt, Energy Minister Natasa Pilides said Thursday.

Local government elections postponed until May 2024

Parliament approved a government proposal to postpone local elections to facilitate the sweeping reform project, eventually reshaping local authority administration. Thursday’s postponement of the elections, initially scheduled for December this year, was