December sees Cyprus unemployment fall to 7.6%
The euro area (EA19) seasonally-adjusted unemployment rate was 7.4% in December 2019, down from 7.5% in November 2019 and from 7.8% in December 2018 and this the lowest rate recorded in the euro area...
Cyprus had the highest stock of non-performing assets of general government, with 32.4% of...
In 2018, Cyprus became the country with the highest stock of non-performing loans (assets) of general government, with 32.4% of GDP, far ahead of the other EU Member States, according to data released today...
Economics Research Center: Robust economic activity in Cyprus expected in 2020
Real economic activity in Cyprus is expected to continue to increase at robust rates in 2020, albeit at a slower pace compared to 2019, says the Economics Research Centre (CypERC) of the University of...
Moody’s says sale of problem loans by Cyprus’ largest banks a ‘credit positive’
Moody's has described as a credit positive the fact that Cyprus' Central Bank Governor expects the two largest banks on the island to sell a significant portion of problem loans.
Moody's says that on January...
Deputy Minister briefs parliament on Cyprus’ tourism strategy
Cyprus Deputy Minister of Tourism Savvas Perdios briefed on Tuesday parliamentarians on Cyprus’ ten-year tourism strategy 2020-2030 which aims to increase the overall income generated by the industry by 30% and an increase in...
Bank of Cyprus and Hellenic Bank to sell loans worth €4 billion
Bank of Cyprus and Hellenic Bank will sell loans, worth €4 billion in total, according to the Governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou.
Herodotou briefed on Monday the House Committee on...
Record tourist arrivals in Cyprus in December and in 2019 as a whole
Cyprus recorded record tourist arrivals in December and in 2019, data released by the Cyprus Statistical Service on Friday shows.
Passenger Survey Results
On the basis of results from the Passenger Survey, arrivals of tourists reached...
Cyprus records largest Q3 quarterly drop in house prices
More specifically, house prices, as measured by the House Price Index, rose by 4.1% in both the euro area and the EU and by 2.3% in Cyprus, in the third quarter of 2019 compared...
Eurostat: Cyprus recorded a €4.6 bn trade deficit in the period January to November...
The first estimate for euro area (EA19) exports of goods to the rest of the world in November 2019 was €197.7 billion, marking a decrease of 2.9% compared with November 2018 (€203.7 bn), according...
Cyprus aims to be among the 30 most competitive tourist destinations, Deputy Minister of...
Cyprus aims to be among the 30 most competitive tourist destinations, up from the 44th place, Deputy Minister of Tourism, Savvas Perdios, said on Tuesday, while unveiling the five pillars of the 2030 National...
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