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 euro area, by 11.4% in the EU, 11.6% in Cyprus and 14% in Greece compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union.

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 and Tourism Natasa Pilides has said.

The number of pupils per teacher at primary level in Cyprus is slightly below the EU average, Eurostat reported on Wednesday.

New Car sales dipped to a five-year low in Cyprus for the first eight months of the year after the impact of COVID-19 lockdown, official data indicated Tuesday.

The Cyprus Institute of Neurology and Genetics will be carrying out a study to aiming to assess the level of coronavirus immunity among the Cyprus population.

Limassol Del Mar’s new luxury shopping destination, Le Plaza Del Mar, announce First Boutique to be the first to join with fashion designers such as Balenciaga, Christian Dior, Lanvin and more for a world-class shopping and lifestyle experience at the elegant Mediterranean location.  

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 of Cyprus (CBC) today show.

Seven categories of self-employed persons whose jobs have been affected by the coronavirus pandemic will now be able to apply for a special subsidy.

Cyprus maintains lead position among European Investment Bank (EIB) shareholder countries in 2020 with agreements for projects worth 1.5% of GDP, Finance Minister Constantinos Petrides said.

Coronavirus fear has forced many to cancel tourism plans this summer but those who dared come over to Cyprus after the reopening of airports were mainly from Greece, Germany, Poland, Switzerland, Denmark and Austria, Philenews reports.