In November 2019, compared with the previous month, industrial producer prices rose by 0.2% in the euro area (EA19), by 0.1% in the EU28 and decreased by -0.3% in Cyprus according to estimates from Eurostat, the statistical office of the European Union.

Cyprus will send a proposal for the exploitation of the Aphrodite natural gas field in the coming weeks to Israel, government spokesman Kyriacos Koushios said on Saturday.

The Cyprus state will pay over €0.5 billion in redundancies by end of 2020, according to figures obtained by Phileleftheros.

An estimated 3.5% increase in turnover of trade last year has put a smile on Cyprus retailers as they look forward to 2020 with optimism.

Total deposits in Cyprus banks reached €48.6 billion in November 2019, while outstanding loans stood at €34.2 billion, data released by the Central Bank of Cyprus on Thursday showed.

With 9.1% of total consumption expenditure, Cyprus is in seventh place among EU member states when it comes to spending money on eating out, a new Eurostat report reveals.

Cyprus, Greece and Israel signed in Athens on Thursday an ‘historic’ agreement for the construction of the EastMed natural gas pipeline.

The first commercial deal for the EastMed pipeline was signed in Athens on Thursday between Greece’s Public Gas Corporation (Depa) and Energean, ahead of the intergovernmental agreement between Cyprus, Greece and Israel.

President Nicos Anastasiades will on Thursday hold separate meetings with Greek Prime Minister Kyriakos Mitsotakis and Israeli Prime Minister Benjamin Netanyahu in Athens, where the three leaders will sign an intergovernmental agreement for the EastMed pipeline project.

An increase of close to 7% in winter tourism in one year means Cyprus is one of the EU member states with the highest increase in winter tourism, according to newly published Eurostat figures.