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Inflation in Cyprus continued to decline on an annual basis for the fifth consecutive month in September, according to figures released this week by the Cyprus Statistical Service (Cystat).
The Central Bank of Cyprus (CBC) has released new data on average interest rates and loan volumes for August 2025, highlighting a slowdown in lending activity and contrasting trends in borrowing costs across different sectors.
Cyprus’ tourism sector in 2025 is expected to perform similarly to the levels recorded in 2024, according to the president of the Cyprus hoteliers association (Pasyxe) Thanos Michaelides.
Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis. Tannousis addressed an i ...
The government recently launched the licensing procedure for the integrated casino resort.
Energy Minister Yiorgos Lakkotrypis travels to Houston on September 18, 2015 to meet Noble Energy Chief Executive Officer (CEO) David L. Stover to discuss the Aphrodite field development plan and possible gas exports to Egypt.
A Eurogroup meeting recently declared Cyprus a success story, praising the conclusion of its seventh review of the economic adjustment programme, which took place in July 2015.
A solution of the Cyprus problem will open new prospects for ships flying the Cypriot flag, Cypriot President Nicos Anastasiades said recently.
The European Central Bank purchased since July 2015 a total of €98m in Cypriot government securities with an average maturity of 5.27 years as part of its expanded asset purchase programme.
The Cabinet has approved the 2016 budget, which Finance Minister Haris Georgiades described as ‘balanced’ and included a 5% increase in development spending.
The Natural Gas Public Company (DEFA), currently in the midst of negotiating a contract worth some $4bn, will soon convene its board to discuss allegations of a conflict of interest in relation to the natural gas tender.
With a changing regulatory landscape, no country has a clear tax advantage over the other anymore. It’s a new game with new considerations, says First Names MD Christos Michael.
Cyprus inflation was down to -1.9% in August 2015, compared to -2.4% in July 2015, while the rate was 0.8% in August 2014.
Cyprus’ finance minister says the bailed-out country’s economy will see sufficiently satisfactory growth in 2015 as it emerges from three years of recession.
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