Cyprus by the Numbers

Cyprus witnessed a significant increase in its government debt-to-GDP ratio at the end of the second quarter of 2023, rising by 2.2 percentage points from the previous quarter, to reach 85.3 per cent, ...

The Harmonised Index of Consumer Prices (HICP) in Cyprus increased by 4.3 per cent in September 2023, compared to the same month in 2022, according to the Cyprus Statistical Service. This rise in ...

Here are the top business stories in Cyprus from the week starting October 9: President Nikos Christodoulides highlighted the significant role of the shipping industry in Cyprus’ economy during his address ...

The Cyprus Securities and Exchange Commission (CySEC) this week reported that the assets under management (AUM) for Management Companies and Undertakings of Collective Investments (UCIs) in the second quarter of 2023 ...

The Business Leaders Summit, a prominent gathering of business leaders in Cyprus, is back to shed light on the major issues and challenges modern business leaders face. Organised by the ...

Cyprus’ trade deficit for the period of January to August 2023 reached €5.8 billion, compared to €5.2 billion during the same period in 2022, according to a report released this week by the state’...

Cyprus has witnessed a notable increase in bounced cheques, with 26 such incidents totalling €276,202 reported in September 2023 alone. This concerning trend has landed 15 individuals (comprising 12 legal entities and 3 individuals) on the ...

The Cyprus property market is witnessing a downturn in the issuance of construction permits, with a simultaneous increase in the total value of authorised units. This trend is evident in ...

Parklane, a Luxury Collection Resort & Spa, on Monday announced its recent accolades in the prestigious Conde Nast Traveler Readers’ Choice Awards. Recognised for its unwavering commitment to delivering unparalleled ...

For the second consecutive month, Cyprus saw a surge in inflation in September, primarily due to an increase in food prices, pushing the annual inflation rate to 4 per cent, according ...

In a recorded speech aired during the opening ceremony of the 2nd Financial Markets Forum hosted by Freedom Finance Europe, Cyprus’ Minister of Finance, Makis Keravnos, affirmed the government’s ...

The Central Bank of Cyprus (CBC) released its latest data this week, revealing a minor increase in deposit interest rates in Cyprus in August 2023 compared to July. While the interest ...

Cyprus’ banking sector has seen its net interest income double in the first half of 2023, marking a 100 per cent increase compared to the same period last year. This surge is ...

Cyprus witnessed a notable increase in house prices during the second quarter of 2023, with the House Price Index (HPI) rising by 3.2 per cent during this time, compared to the same ...

The retail industry in Cyprus experienced significant growth in August 2023, with the Retail Trade Turnover Index showing a remarkable increase of 10.1 per cent, compared to the same month in the ...

Here are the top business stories in Cyprus from the week starting September 25: National flag carrier Cyprus Airways on Thursday announced a strong performance for the month of August 2023, reporting ...

Cypriot beverage maker KEO, a leading company in the field of winemaking, brewing, juice production, and bottling of natural mineral water, has released its financial results for the first half ...

Cyprus experienced a net increase of €8.5 million in total loans during the month of August 2023, following a significant reduction of €100 million in the previous month, according to a report released ...

Cyprus experienced a 2.3 per cent increase in total petroleum sales in August 2023 compared to the same month in 2022, reaching a total of 124,832 tons, according to a report released this week ...

Cyprus experienced a significant rebound in inflation in August 2023, primarily attributed to the surge in food prices, effectively ending a year-long period of declining prices since its peak in July 2022 ...

In celebration of International Equal Pay Day, the Commissioner for Gender Equality and the Cyprus Chamber of Commerce (Keve) have announced a collaborative effort to advance gender equality in the ...

Tourist arrivals to Cyprus witnessed a significant surge of 60,254 visitors in August 2023, a rise of 13.4 per cent compared to August 2022, primarily attributed to a remarkable increase of nearly 33,000 tourist arrivals ...

Here are the top business stories in Cyprus from the week starting September 11: President Nikos Christodoulides on Friday deflected media questions about the inflation and higher interest rates saying the ...

Employment in the broad public sector increased by 894 individuals, a rise of 1.2 per cent, in the second quarter of 2023, compared to the same period in 2022, according to the state’s ...