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Large annual increase of registered unemployed recorded in August

Data released by CyStat shows a large annual increase up to 69.2% of registered unemployed people in Cyprus this August compared to August 2019. In...

Energy sector in Cyprus changing drastically, President says

The energy sector in Cyprus is changing drastically due to the creation of the energy centre in Vasiliko and the supply of natural gas,...

Business loans drop, mortgages and consumer loans increase in July

New business loans in Cyprus recorded a drop in July this year compared to June while consumer loans and housing loans increased. At the same...

Unemployment rate at 6.9% in July 2020 in Cyprus

The seasonally-adjusted unemployment rate in the euro area was 7.9% in July 2020, up from 7.7% in June 2020, and EU unemployment rate was...

Student housing rent pricing across Greece in 2020

It's easier to find student housing in Greece this year though pricing is showing an upward trend. Xanthi, Ioannina, Pyrgos, Sitia – Ierapetra, Sparta, Karditsa,...

Deficit in General Government fiscal results for January – July

The preliminary General Government fiscal results, which are prepared by the Statistical Service of Cyprus (CyStat) indicate a deficit of €930.9 million (4.6% of...

Turnover Value Index in Services drops in 2nd Quarter of 2020

The Turnover Value Index during the second quarter of 2020, including the period during which COVID-19 containment measures were in force in Cyprus, recorded...

Industrial Output Prices Index drops in July 2020 compared to June

The Industrial Output Prices Index for July 2020 reached 98.8 units (base 2015=100), recording a decrease of 1.7% compared to June 2020. For the January...

GDP growth rate estimated at -11.9% for 2nd quarter of 2020

The GDP growth rate in real terms during the second quarter of 2020 is negative and it is estimated at -11.9% over the corresponding...

Public servants in Cyprus vote down early retirement scheme

Public servants in Cyprus are unwilling to retire early considering that out of 4,088 eligible candidates of a proposed scheme only 450 are actually...

Total loans in Cyprus hit record low in July 2020

The outstanding amount of total loans fell to a new low of €31.9 billion in July 2020, according to data released by the Central...

Fuel sales drop by 16% in July due to drop in aviation fuel

Total petroleum product sales marked an annual reduction of 15.9% fuelled mainly by the steep decline in the sales of aviation fuel, as air...

Economic sentiment improves, consumer confidence weakens in August

Economic sentiment in Cyprus improved in August 2020, as the Economic Sentiment Indicator (ESI-CypERC) increased by 1.9 points compared with July 2020. However, consumer confidence...

Cyprus’ Retail Trade Value Index decreases in June 2020

Based on provisional estimates by the Statistical Service of Cyprus, the Turnover Value Index of Retail Trade in Cyprus compared to the corresponding month...

Cyprus’ Deputy Ministry of Tourism announces plan to support domestic tourism

Cyprus' Deputy Ministry of Tourism announced the launch of an Extraordinary Plan for the Support of Domestic Tourism aiming to encourage holidays in Cyprus...

At risk of poverty 22,3% of the population in Cyprus in 2019

According to the results of the Survey on Income and Living Conditions 2019, 22,3% of the population in Cyprus or 194.400 people were at...

Cyprus trade deficit records drop in first five months of 2020

Cyprus' trade deficit fell from €1,865.8 million in the first five months of last year to €1,723.6 million in the first five months of...

Cyprus Industrial Turnover declines by 20% in May 2020

Cyprus' Industrial Turnover Index fell by almost 20% in May 2020 compared to May 2019. It was affected by measures to curb the spread...

Unemployment in Cyprus at 6.8% in second quarter of 2020

Unemployment in Cyprus stood at 6.8% during the second quarter of 2020, compared to 6.5% in the corresponding quarter of 2019, the Statistical Service...

Building permits in Cyprus record drop in first five months of 2020

Building permits issued in the first five months of this year in Cyprus recorded a drop compared with the same period of last year,...

Total government employment up in July due to temporary staff increase

Total government employment was up in July this year on an annual and a monthly basis mainly due an increase in temporary staff in...

Top Stories

FM: Turkey’s actions not conducive to Guterres’ efforts over Cyprus

Cyprus’ Foreign Minister Nikos Christodoulides said on Tuesday that Turkey’s illegal actions undermine peace and stability in the region and are not conducive to...

State Health Services Organization confirms hiring of nurses

The State Health Services Organization confirmed today to the nurses’ trade unions that the decision for the hiring of new nurses to man Hospitals...

200,000 rapid COVID-19 tests ordered

The Health Ministry announced that 200,000 antigen rapid COVID-19 tests have been ordered within the framework of the measures taken to manage the new...

Announcement of Appointment of Directors, Principals and Senior Manager in K. Treppides & Co Ltd

The Management of K. Treppides & Co Ltd committed to develop leadership that derives from its own people, who pursue excellence in the provision...

Two Ministers, one Deputy Minister in quarantine

Minister of Transport, Communications & Works Giannis Karousos, Defense Minister Charalambos Petrides and Deputy Minister of Shipping Vasilis Demetriades have been placed in self-isolation...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...