Cyprus has recorded inflation of 1.1% in January this year on an annual basis, according to a Cyprus Statistical Service announcement released on Thursday.

The number of registered Cyprus unemployed in January fell to a new 10-year low, according to seasonally adjusted data, mainly due to the decline in public administration jobless figures.

Only 1.2% of Cypriots work from home, one of the smallest shares of people in EU member states, Eurostat figures published on Thursday show.

The eurozone’s bailout fund agreed on Thursday to Cyprus repaying €6.3 billion of costly crisis loans from the International Monetary Fund, so it can replace them with cheaper loans from the market.

Switzerland has been emerged as the most expensive nation to live in, followed by Norway and Iceland according to a report by CEOWORLD magazine based on a range of living costs. Making up the top 10 were Japan, Denmark, Bahamas, Luxembourg, Israel, Singapore, and South Korea.

The cabinet on Wednesday decided to expend a scheme promoting the acquisition of electric cars, as applications for the project exceeded the target within a day of its launch, Transport Minister Yiannis Karousos announced.

New mortgage lending in Greece, Ireland, Austria, and Spain is offered at a higher rate than the average rate for outstanding mortgages, while for Cyprus, Belgium and Finland, the difference between new and outstanding mortgage rates is very low, according to the European Central Bank.

It took Nicosia capital city seven years to get a head start on real estate sales, according to latest data released by the Cyprus Land Registry.

More and more couples choose Cyprus to exchange vows of eternal love with the Mediterranean island attracting brides and grooms from every corner of the world.

New loans to corporations and households amounted to €3.19 billion in 2019 marking a slight annual increase attributed to large corporate credit of over €1 million.