The Consumer Price Index (CPI) increased marginally in August to 118.0 points, up 0.31% from 117.73 in July, with the rate of inflation of cost of consumer goods and services rising 1.5%
The island’s residential market is cooling down for the first time in four years, despite significant annual increases in property prices and rents across Cyprus. Recent quarterly data suggest that this slowdown
Hellenic Bank, poised to become the largest lender in Cyprus after a series of takeovers and consolidation in the banking sector, recorded near-identical profits in the second quarter of the year, as
Economic sentiment in Cyprus improved in August, as a benchmark index compiled by the University of Cyprus increased by 1.5 points from July, rising from 104.3 points to 105.8, marginally above the
Foreign investment and increased local demand keep markets on a growth path As Europe’s real estate leaders grapple with a market burdened by inflationary pressures and rising interest rates, the property
The year-over-year growth rate of a leading indicator used to predict the future direction of economic movements in Cyprus, improved in July, as a result of an increase in almost all the
Cyprus fully supports the joint effort by the United States, Egypt and Qatar to get both sides of the war in Gaza to meet next week and resume talks on a ceasefire
The year-over-year growth rate of a leading indicator used to predict the future direction of economic movements in Cyprus, remained stable in June, as a result of opposing trends within the economic
A lot of investment has been undertaken for touristic development ranging from hotels to quality places of entertainment and even more important addressing the upgrading of staff, food and service. Previous years
Cyprus continues to suffer from high temperatures with the authorities issuing a rare, yellow summer warning for night time and a second warning for extreme heat on Sunday. The Department of Meteorology
