Building permits rose 26% year-on-year in construction area in H1 2018, to 753,615 square meters, and a 20% increase in value, to €788.8m, the statistical service said

The unemployment rate dropped to 7.3% in the second quarter from 10.7% in the previous one and 10.6% in the respective quarter of 2017, the statistical service said citing its labour force survey.

The number of company registrations, a performance gauge of the corporate, accounting, and legal services sector rose 9% in August 2018, to 1,003, compared to the respective month of 2017, the Registrar of Companies and Official Receiver said.

The procedures to invite tenders for the development of Larnaca’s marina and port are on track, the Transport Ministry said recently.

The annual inflation rate rose in August 2018 to 2.5% — the highest in seven years — from 2.3% the previous month, once more exposing Cyprus’ vulnerability to energy price hikes.

The number of registered unemployed in Cyprus decreased in August 2018 by 7,137 people or 23%, compared to August 2017.

10% more hotel beds will be available in Paphos for the upcoming winter season compared to last year’s figures, officials said

The Central Bank of Cyprus said that the European Central Bank (ECB) has now revoked the Cyprus Co-operative Bank’s banking licence which allowed it to operate as a credit institution, after the state-owned bank gave it up voluntarily.

Eurobank Cyprus Ltd, the Cypriot subsidiary of Greece’s Eurobank, generated an after-tax profit of €24.1m in the first half of the year compared to a €41.1m profit in the entire financial year 2017, the bank said recently.

Industrial producer prices in Cyprus rose by 1.9% in July 2018, compared to the previous month, according to figures released by Eurostat, the statistical office of the European Union.