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


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


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


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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