Economy

A significant decrease in building permits was recorded in the first half of 2020, due to the restrictive measures against the spread of the...

Turnover value of wholesale trade except of motor vehicles in Cyprus fell by 20.9% during the second quarter of 2020, according to data released...

A total number of 43,792 residents of Cyprus returned from a trip abroad in August 2020, compared to 173,081 in the corresponding month last...

The arrivals of tourists in Cyprus reached 104,261 in August 2020 compared to 553,845 in August 2019, recording a decrease of 81.2%, according to...

Data released today by Eurostat show that the total volume of Cyprus' exports was €1.7billion for the first 7 months of 2020, -11% down...

In the second quarter of 2020, the job vacancy rate in the euro area and in the European Union (EU) was 1.6%, down from...

The Mediterranean island's GDP growth this year could fall to below 7%, Finance Minister Constantinos Petrides has said, clarifying that this is what figures...

Employment of the Cypriot government rose to 52,146 persons in August 2020, marking an annual increase of 0.9% or 441 persons owing to increased...

Euro zone finance ministers pledged continued fiscal support on Friday to get their economies running again after the Covid-19 crisis, chairman of the Eurogroup...

Cyprus’ economic freedom score is 70.1 making its economy the 37th freest in the 2020 Index, according to The Heritage Foundation. Its overall score has...

Cyprus' Ministry of Labour's expenditure exceeded €1 billion in the first seven months of 2020 on continued programmes aiming to support employment and businesses...

Governor of Central Bank of Cyprus (CBC), Constantinos Herodotou, told Cyprus' commercial banks to prepare to face a new cycle of non-performing loans (NPLs)...

The value of Total Assets Under Management reached €7.97 billion in the second quarter of 2020, recording a 5.3% increase over the first quarter...

Cyprus' Trade Deficit declined by 12.5% for the period of January to July 2020 continuing its downward trend affected by the disruption caused by...

Minister of Energy, Commerce and Industry Natasa Pilides has assured that companies active in Cyprus' exclusive economic zone are moving forward with their planning. Addressing...

In the second quarter of 2020, still marked by Covid-19 containment measures in most Member States, seasonally adjusted GDP decreased by 11.8% in the...

A total of €270 million will be allocated between 2021–2027 in support of entrepreneurship, industry and energy saving schemes, Minister of Energy, Commerce, Industry...

Bounced cheques issued in August amounted to €75,840 marking an increase of 72% compared with the previous month, data released by the Central Bank...

President of the European Investment Bank Werner Hoyer on Monday will meet in Nicosia Cypriot officials to discuss new ways to support the economy...

Total employment for the second quarter of 2020 decreased by 1.1%, compared to the corresponding quarter of 2019, according to CyStat. Total Employment for the...

Data released by the Cyprus Statistical Service on Thursday show that Cyprus recorded an annual deflation of 1.2% this August. In August 2020, the Consumer...