Daily Archives: November 3, 2020

General Government deficit at 3.3% of GDP in the period January-September 2020

Cyprus GDP recorded a 3.3% deficit for the period of January-September 2020, according to the preliminary General Government fiscal results, announced Tuesday by the Statistical Service of Cyprus (CYSTAT). The results indicate a deficit of €695.7 mn for the period

Unusually high temperatures in Cyprus in October, record temperatures in July – October

Unusually high maximum temperatures were recorded in several areas of Cyprus in October 2020, a press release by the Department of Meteorology says.   It adds that the combination of the extremely hot months of the period July, August and

House Speaker and Israeli Ambassador discuss cooperation in energy, start ups and innovation

President of the House of Representatives Adamos Adamou received on Tuesday the Ambassador of Israel to Cyprus, Shmuel Revel, with whom he discussed, among others, ways to further enhance the cooperation between the two states in the fields of energy,

Economic activity expected to recover in 2021, ERC of University of Cyprus says

In Cyprus in 2021, economic activity is expected to recover as real GDP growth is projected at 4.2%, according to the economic outlook published by the Economics Research Centre of the University of Cyprus, which notes that real GDP growth

Cyprus ship management revenue declines in H1 2020 due to Covid-19 pandemic

Cyprus ship management revenue declined to €484 million in the first half of 2020, reflecting the negative effects of the coronavirus pandemic to the shipping industry.   According to the ship management survey conducted by the Central Bank of Cyprus,

Cyprus will comply with acquis to protect nature, Agriculture Ministry assures

The Ministry of Agriculture, Rural Development and Environment will proceed with all necessary actions to close every pending case, with the ultimate aim of properly complying with the acquis Communautaire and implement the Directives for the protection of the environment