Construction output prices were up in the third quarter of 2019 both on a quarterly and annual basis, according to data released by the Cyprus Statistical Service on Tuesday.

Despite external pressure and warnings by supervisory authorities over a real estate bubble in Cyprus the sector has proved to be resilient and sentiment was positive in 2019.

Registered Cyprus unemployed recorded a 15% drop in December on an annual basis falling from 29,800 in 2018 to 25,285, official data shows.

The tax department on Tuesday reminded taxpayers that following the law amendment in force since last month, any deductions for insurance and contributions cannot exceed one fifth of one’s net income.

The economic sentiment in Cyprus declined in December due to weaker business confidence in services and industry.

Household loan costs appear to be slightly higher even though it is still at historically low levels, according to Central Bank of Cyprus data released on Tuesday.

Hellenic Bank is to start charging corporate customers interest on their deposits as of March 3, it has emerged.

There could be developments soon regarding visa waivers for Cypriots travelling to the US, Foreign Minister Nicos Christodoulides said on Tuesday.

Former Finance Minister Harris Georgiades has been named deputy chairman of the ruling Disy party by default, after no one else applied for the job, while a ballot will be held in early February to fill the two vacated positions of party vice-chairman.

While 54% of consumers say the internet is integral to their social lives, nearly half (45%) actively seek time away from their smartphone and other internet-enabled devices — rising to 53% among consumers aged 25-34. This is according to a global EY study, Decoding the digital home, which evaluates consumer attitudes to a range of technology, media and entertainment, and telecommunications (TMT) services within the home across four markets — France, the Netherlands, the UK and the US.