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
Total new loans in May spiked to €1.07 bln, more than double the previous month due to renegotiated loans for which new contracts were signed, while fresh new credit rose to €536.5
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
Atmospheric dust levels hit a negative record in May, the worst for five years, with researchers indicating that due to climate change, dust episodes in Cyprus will become more frequent. The Cyprus Institute
Cyprus Airways said its May passenger results increased more than four times from 2022, carrying 66,998 passengers up from 14,735. During May, the Cypriot flag carrier operated 370 scheduled flights (May’22: 214),
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
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 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
