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The 14th Invest Cyprus International Investment Awards are due to take place on Thursday, July 9, at the Hilton Nicosia to recognise foreign companies that have made significant contributions to the national economy and society.
Cyprus’ industrial sector generated higher value added and recorded a modest increase in employment during 2024, according to figures released by the Cyprus Statistical Service (Cystat), with manufacturing remaining the main driver of growth.
Cyprus recorded a sharp increase in building activity during the first quarter of 2026, with the state statistical service (Cystat) reporting that the number of building permits issued rose by a whopping 44.1 per cent compared with the same period last year.
Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength a ...
Νet demand for loans in Cyprus by both businesses and households recorded an increase in the first quarter of 2016, according to the Bank Lending Survey conducted in the euro area Member States and published by the Central Bank of Cyprus.
Cyprus’ government debt rose by €94m in March 2016, to €18.7bn, compared to December, the public debt management office said.
Revenue from tourism recorded a significant increase of 24.5% in March 2016, amounting to €80.9 million in March 2016 compared to €65.0 million in the corresponding month of the previous year.
The new Cyprus airline, Cobalt, recently embarked on its maiden flight.
The Consumer Price Index for May 2016, increased by 0,61 units to 98,66 units compared to 98,05 units in April 2016.
The total Non-Performing Facilities (NPFs), recorded a decrease of €1.1 billion in March 2016, the Central Bank of Cyprus announced recently.
Finance Minister Harris Georgiades does not anticipate that a possible vote in favour of a Brexit on June 23 2016 in a referendum to decide if the UK should leave the EU, could have a negative impact on Cyprus’ economy.
The total amount of deposits in the banking system increased by €144 million in April of 2016, while total loans decreased by €86.7 million, continuing the de-leveraging trend for a fourth month in a row.
Bank of Cyprus, the island's largest lender recorded net profit of €50 million in the first quarter of 2016, owing to its profitability and the momentum in non-performing loan restructuring which exceeded €1 billion in the quarter than ended on March 31 2016.
Non-performing loans in the Cypriot banking system fell in March 2016 by almost €1.1bn to €25.7bn or 48.4% of the overall loan portfolio of banks, compared with the month before, the Central Bank of Cyprus said.
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