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
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
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
An early summer heatwave grips Cyprus as maximum temperatures rise to a near-scorching 40°C for the first time this year. The island is to continue swelting under higher than usual temperatures over
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,
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.
Cyprus reported 12 deaths in the weekly Covid bulletin on Friday, raising the death toll since the pandemic started to 1,027, five of which were in the final days of April. Hospitalisations
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
Cyprus will open its doors to vaccinated tourists, regardless of their country of origin, from 10 May, when the current lockdown is scheduled to be lifted, said Tourism Minister Savvas Perdios on
Cyprus will not see any further relaxation of COVID-19 lockdown restrictions, as the country’s health system is buckling under pressure from the recent upsurge of new cases. In comments to state radio
