Industrial output prices were up year-on-year by 17.2% this November, data released by the Cyprus Statistical Service (CyStat), on Friday, show.In a press release CyStat said that, the Index of Industrial Output Prices for November 2022 reached 136.2 u…
Day: December 30, 2022
Fiscal surplus at 1.7% of GDP in the period January – November 2022
A fiscal surplus of €448.4 mn was recorded for the period January – November 2022, which corresponds to 1.7% of GDP, as compared to a deficit of €302.3 mn (1.3% of GDP) that was recorded during the period of January-November 2021, according to the prel…
Cyprus reports 3 deaths and 2,602 new COVID cases in the last seven days
The Cyprus Health Ministry announced on Friday three deaths in the last week from COVID and 2,602 new cases. The positivity rate now stands at 4.86% and 84 patients are in hospital.The deceased are two men and one woman between 79-91 years of age. Tota…
Building blocks of the European Health Union officially in place
The building blocks of the European Health Union are officially in place, a press release by the European Commission says, adding that this not only includes stronger EU rules on serious cross-border threats to health, but also a stronger mandate of th…
Health Commissioner Kyriakides urges EU Health Ministers to be extra vigilant over surge of COVID-19 cases in China
European Commissioner for Health and Food Safety, Stella Kyriakides, has urged EU Health Ministers to assess their current national practices regarding genomic surveillance of the SARS-CovV2 virus and to remain extra vigilant in light of the increasing…
Economic sentiment in Cyprus improves in December
In December 2022, economic sentiment in Cyprus strengthened, as the Economic Sentiment Indicator (ESI-CypERC) increased by 3.3 points compared with November 2022, according to a press release by the Center for Economic Research of the University of Cyp…
Croatia joins the Euro and Schengen areas on January 1st
On 1 January 2023 Croatia will adopt the euro as its currency and will fully join the Schengen area.According to a press release by the European Commission, this marks an important milestone in the history of Croatia, of the euro and Schengen areas and…
Cyprus and Poland sign agreement to provide further humanitarian aid to Ukraine
Cyprus and Poland have signed an agreement to provide further humanitarian aid to Ukraine amounting to €300,000 for the purchase of electricity generators. Cyprus’ humanitarian aid to Ukraine now exceeds €3 million.According to a press release by the M…
Revenue from tourism at 90% of 2019 levels in first ten months of 2022
Revenue from tourism has reached 90% of the one recorded in 2019 for the period January-October 2022, with the arrivals reaching just above 80%.For the period of January – October 2022, revenue from tourism is estimated at €2,285.2 mn compared to €2,53…
India’s and Cyprus’ FMs highlight potential in enhancing economic ties
India’s and Cyprus’ Ministers of Foreign Affairs, Subrahmyan Jainshankar and Ioannis Kasoulides, respectively, highlighted on Friday the potential in enhancing economic ties as the two countries are emerging from the COVID-19 pandemic.Jaishankar, who i…
Greek Eurobank further increases its stake in Hellenic Bank
Greek lender Eurobank Ergasias announced a new acquisition of shares in Hellenic Bank, further increasing its stake in Cyprus’ second largest lender.Eurobank S.A., a subsidiary of “Eurobank Ergasias Services and Holdings S.A.” (“Eurobank Holdings”), an…
February presidential elections candidacies to be submitted on January 5, Interior Ministry announces
The Ministry of Interior announced on Friday the time, date and site where presidential elections candidacy will be submitted.An official press release said that on the 5th January, between 0800 and 1200, candidacies for the February 2023 presidential …