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Cyprus’ seasonally adjusted unemployment rate stood at 4.2 per cent in January 2026, remaining well below both the euro area and EU averages, according to Eurostat.
EU tourism hits 3.1 billion overnight stays, with Cyprus tourism revenues climbing to €3.69 billion
Nicosia has been ranked second among the top 20 destinations in Europe for 2026 by the European Best Destinations organisation, after receiving 109,214 votes from international travellers worldwide.
Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength a ...
Cyprus’ economy expanded 4% in the first quarter of 2018 compared to the respective three-month period last year and 1% compared to the quarter before, the statistical service said recently.
Third Point LLC, the US hedge fund which is Hellenic Bank’s largest shareholder is in talks with prospective investors to sell its 26.2% stake in the Cypriot lender, Bloomberg reported recently.
The reduction of non-performing loans (NPLs) by Cypriot banks has picked up pace, international ratings agency DBRS has said adding that it expected to see further progress.
Inflation was up by 1.3% in Cyprus this May on an annual basis, data released by the Cyprus Statistical Service show.
The Cyprus Cooperative Bank and Hellenic Bank have made progress in their negotiations for the acquisition of the Co-op’s operations and the two sides are likely to reach an agreement in principle within the next days, the Cyprus News Agency (CNA) reported recently.
The US and Cyprus have entered a new level of relations in the field of energy, especially after the third licensing round with ExxonMobil signing an exploration and production sharing contract for block 10 of the island’s EEZ, Disy leader Averof Neophytou said
The Finance Ministry and the Central Bank of Cyprus recently presented political parties with proposals to resolve the non-performing loans problem by improving the current legislative framework as banks are running out of time, participants said.
The International Monetary Fund (IMF) said that it expects economic growth in Cyprus to pick up at 4% this year and 4.2% next year even as risks related to the high-stock of NPLs undermine the economy’s prospects.
Building permits increased an annual 27% in the first quarter of 2018 and 30% in terms of construction area and value, to 378,933 square meters and €410.4m respectively, driven by investment in commercial projects, the statistical service said.
The number of property transactions rose an annual 10% in May, to 828, the highest in 2018, on a strong increase in Nicosia and Famagusta, the land department said.
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