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Inflation in Cyprus continued to decline on an annual basis for the fifth consecutive month in September, according to figures released this week by the Cyprus Statistical Service (Cystat).
The Central Bank of Cyprus (CBC) has released new data on average interest rates and loan volumes for August 2025, highlighting a slowdown in lending activity and contrasting trends in borrowing costs across different sectors.
Cyprus’ tourism sector in 2025 is expected to perform similarly to the levels recorded in 2024, according to the president of the Cyprus hoteliers association (Pasyxe) Thanos Michaelides.
Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis. Tannousis addressed an i ...
After a two-year break, Ayia Napa municipality is again set to host an international Sculpture Symposium, the eighth in its series, it announced on Monday.
Cyprus’ oldest dairy producer, Charalambides Christis, has quietly taken over the local dairy products market while diversifying its brand.
Car dealers are frustrated with their turnover as they are forced to sit back helpless and watch the market crumble.
As port sanctions were implemented on Russian vessels in the EU, Cyprus offers some hope of normalcy to Ukrainian and Russian seafarers who might have seen their bank accounts frozen.
The EU published a new Directive this month “to promote the use of renewable energy sources by means of reduced VAT rates.”
A bill regulating electric scooters has caused a stir in parliament, as it dictates; they are not driven on roads or pavements, with some MPs claiming the legislation essentially bans their use.
Wedding tourism in Ayia Napa, which has been affected by the coronavirus pandemic for the last two years, is recovering, Maria Ttofini-Tsantila, head of the wedding department of the Ayia Napa municipality, has said.
The revision of GDP figures at current prices for 2021, brought Cyprus’ GDP to an all-time high of €23.43 billion during the previous year.
In April 2022, economic sentiment in Cyprus improved as the Economic Sentiment Indicator (ESI-CypERC) increased by 2.8 points compared with March 2022, as shown by data published by the Economics Research Centre of the University of Cyprus (CypERC) and RAI Consultants Ltd.
A record number of hotels have joined the state-sponsored staycation scheme starting in May to boost domestic tourism as coronavirus rules are lifted.
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