Economy

The European Court of Justice decided today to uphold the judgments of the General Court of the EU in so far as it dismissed...

he number of job vacancies in the 3rd quarter of 2020 reached 6,554, down by 576 or 8.1%, compared to the same quarter of...

Total government employment increased by 300 persons or by 0.6% in November 2020, in comparison to the corresponding month of 2019, reaching 52,804 persons. The...

Total registrations of motor vehicles decreased by 17.1% to 36,079 in January-November 2020, from 43,530 in January-November 2019, according to Statistical Service’s report "Registration...

European Bank for Reconstruction and Development (EBRD) remains shareholder to the Bank of Cyprus after the end of its mandate to Cyprus, the EBRD...

The Cyprus Shipping Chamber and the Maritime Anti-Corruption Network (MACN), signed recently a Memorandum of Cooperation (MoC),  with the aim to collaborate on the...

President of Cyprus Nicos Anastasiades said on Friday that the investments for the development of the port and marina of Larnaka will exceed one...

The European Union will push on with its 1.8 trillion euro financial package to revive the bloc's COVID-hit economy even if Hungary and Poland...

The government will not bring back the Cyprus Investment Scheme either in the same or similar form of the one recently abolished following an...

Turkey's lira slipped on Friday after U.S. lawmakers included mandatory Turkish sanctions in a defence spending bill that moves Washington a step closer to...

The number of registered unemployed persons in November spiked by over 34% year on year in November reaching 32,968 persons with seasonally adjusted data...

Inflation rate in Cyprus remained in negative territory for the eighth consecutive month in November with the Consumer Price Index (CPI) declining by an...

Cyprus posted a general government deficit amounting to €727 million for the period of January – October 2020, compared to a surplus of €639...

Due to the COVID-19 pandemic many companies in the private sector are unable to pay 13th month salary to their employees who are contacting...

In a new Project Syndicate article, Mr. Soros argues that his previous proposal that the EU should issue perpetual bonds is now impossible because of a...

The Cyprus shipping industry has proved resilient amidst the coronavirus pandemic and the aim is for the sector to grow even further in the...

Non- Performing Loans (NPLs) in the Cyprus banking system dropped by €132 million continuing their downward trajectory, assisted by disposals as well as the...

APS, on behalf of the Hellenic Bank reached an agreement with a consortium of Cypriot and foreign investors for the sale of school facilities...

Economic sentiment in Cyprus deteriorated slightly in November, a business survey by the Economics Research Centre of the University of Cyprus, published on Thursday,...

Unemployment in the third quarter of this year reached 8.2% compared to 6.7% in the third quarter of the previous year, data released by...

Economic sentiment in Cyprus deteriorated slightly in November compared with last month, according to a business survey by the Economics Research Centre of the...