Economy

Following the approval of the revised state budget the Finance Minister will begin as of Monday, 1 February the one-off payment to the companies...

Paphos was due to get its own theme park through investments from Hong Kong and by Cypriot investors in the area of Kalo Chorio....

Every year the EAC is obliged to submit to the Cyprus Energy Regulatory Authority (CERA) new tariffs for approval. The prices are calculated aiming...

Moody’s rating agency says that the new sale of a bad loan portfolio by the Bank of Cyprus, puts the bank in a better...

So far, an amount of 2.4 million euros has been deposited in the accounts of producers who have been affected by the COVID-19 pandemic...

The Environmental authority gave the green light for the establishment of a big industrial zone within the boundaries of the Lakatamia Municipality, in an...

Tourist arrivals in Cyprus reached a mere 631,609 plunging by 84.1% year on year in one of the worst ever season for Cyprus’ tourist...

Bank of Cyprus Holdings Public Limited Company announced that it has reached agreement with funds affiliated with Pacific Investment Management Company LLC (PIMCO), for...

Α further decrease of €381 million or 5.7% was recorded in aggregate NPLs compared with the end of June 2020. According to an announcement by...

A new rejection of the 2021 state budget could lead Cyprus to default on its payments, Minister of Finance Costantinos Petrides warned on Friday,...

Banks need to find a new business model to adapt to the new era, Cyprus Central Bank Governor Constantinos Herodotou has said. Herodotou, who was...

During a news conference by Labor Minister Zeta Emilianidou and deputy Minister of Research, Innovation and Digital Policy Kyriakos Kokkinos, the new Online System...

House prices in Cyprus recorded an annual drop of 1.3% in the third quarter of 2020 compared with the corresponding quarter of 2019, a...

The House Plenum, which will discuss the reviewed state budget, has been postponed for 21 January, following a decision by the political party leaders,...

The new lockdown measures enforced in Cyprus will lead to increased challenges on bank asset quality as well as accelerated non-performing loans (NPLs) as...

Cyprus’ Deputy Ministry for Tourism will launch the biggest digital campaign to day in a bid to promote tourism which in 2020 took a...

The Cabinet decided on Wednesday to start social dialogue for the implementation of the national minimum wage in Cyprus when full employment is reached,...

The registration of vehicles in Cyprus recorded a drop of 16.1% in 2020, data released by the Cyprus Statistical Service (CyStat) on Monday, show. In...

General Government fiscal results recorded a deficit of €799.2 million for the first 11 months of 2020, mainly due to the support measures taken...

The Customs Department issued a statement clarifying what is valid regarding the import of vehicles from the United Kingdom. According to the trade and cooperation...

The revised state budget for 2021 is ready while Finance Ministry staff are reviewing the final touches on measures to support the economy and...