Day: November 30, 2021

Euro area annual inflation is expected to be 4.9% in November 2021, up from 4.1% in October, according to a flash estimate from Eurostat, the statistical office of the European Union. In Cyprus, annual inflation is estimated to be 4.7% in November, up …

The EU will stand with Cyprus in matters pertaining to migration, European Commission Vice President Margaritis Schinas pledged on Tuesday. He also expressed the view that Turkey will not make a move outside a framework, formed by a set of incentives a…

General Government deficit decreased by €458.4 million in the first ten months of 2021, reaching €261.9 million compared to a deficit of €720.3 million in the same period of 2020. The reduction is attributed to the increased state revenues from taxes a…

Hellenic Bank, Cyprus’ second largest lender announced net profits amounting to €21 million in the first nine months of 2021, compared with net profit of €40 million in the respective period of last year, with profitability affected by the continued pr…

Industrial output prices increased by 13% in October 2021 year -over – year while they increased by 1% compared to the previous month. According to Statistical Service of Cyprus, the Index of Industrial Output Prices for October 2021 reached 111.6 unit…

Accommodation and food services increased significantly by 84.1% in the third quarter of 2021, according to a press release by the Statistical Service of Cyprus. The Turnover Value Index during the third quarter of 2021 recorded increases in the sector…

Bank of Cyprus, the island’s largest lender, announced net profits amounting to €20 million in the first nine months of 2021, compared with a loss €122 million in the respective period last year, reducing its non-performing loan rate to single digits f…