Economy

Cyprus, Israel and Greece signed on Monday a Memorandum of Understanding taking another step towards connecting the electricity grids via the EuroAsia Interconnector, a...

The registration of motor vehicles in Cyprus in February 2021 decreased to 3,123, or by 15.9% compared to February 2020, according to a report...

Insider is revealing the framework of the re-opening of restaurants on 16 March. According to the decree for the safe re-opening, there will be mandatory...

Non-performing loans in the Cyprus banking system accelerated in November with bad loans declining below €6 billion, marking a reduction of €710 million compared...

Vaccinations have turned into the “main economic tool” for the management of the coronavirus crisis and the prospects for the recovery, Minister of Finance...

The number of unemployed persons registered at the District Labour Offices on the last day of February 2021 in February 2021 rose to 32,789...

Ten hotels are using the state land in front of their hotels as swimming pool and even though beaches are considered to be free...

Unemployment in Cyprus in 2020 rose to 7.6% of the labour force compared with 7.1% the year before, pushed upwards by the fallout of...

In a statement today, Interior Minister Nikos Nouris referred to the draft bills regarding the reform of Local Administration that had been discussed for...

Cyprus Deputy Ministry for Tourism welcomed world-renowned cruise ships company, Royal Caribbean's decision to incorporate Cyprus among its destinations during June – August 2021,...

Revenue from tourism in Cyprus plunged by an annual 85.4% in 2020 as Cyprus’ tourism sector was decimated by the Covid-19 pandemic. According to the...

Total loans in January 2021 recorded a net increase of €2.8 million, compared with a net increase of €583.7 million in December 2020, according to...

Cyprus and Germany signed on Friday a protocol amending the Convention for the Avoidance of Double Taxation with respect to Taxes on Income and...

Finance Minister Konstantinos Petrides said that the Finance Ministry will extend until the end of 2020 the Plans Subsidizing Interest Rates for New Housing...

The arrivals of tourists to Cyprus reached 3,889 in January 2021, recording a decrease of 95.5% compared to January 2020, during which 85,622 arrivals...

New housing schemes and incentives with an emphasis on rural areas and young people were announced on Wednesday by the Government. The schemes, which...

Since people are going through the third phase of restrictions imposed due to COVID-19, owners of properties are under pressure to reduce rents, since...

The data concerning the real GDP growth rate in 2020 confirm the soundness of the government policies to support businesses and employees as well...

The Cypriot economy contracted by an annual 5% in 2020 beating projections for deeper recession amid the coronavirus pandemic, according to a flash estimate...

Cyprus Minister of Finance Constantinos Petrides told CNA that the government will begin reducing public debt, increased due to strategic cash reserves, when the...

A further drop of €17 million was recorded in total non-performing loans in October 2020 compared to the end of September 2020. According to an...