Category Archives: Business

TEK: 3D printing will ‘eventually’ transform production, wide-scale use years away

Despite significant momentum for corporate investments in industrial three-dimensional (3D) printing and widespread optimism over future applications of the technology, 3D printing will not account for a significant share of manufacturing sector activi...

Organic food market in Cyprus not expected to mature soon

Organic food market in Cyprus is not expected to mature in the near future, although organic farming has been growing over the last years, according to the Department of Agriculture and other stakeholders. Supply remains at low levels and as

Building permits for housing units record big annual increase in the first five months

Building permits for housing units recorded an annual increase over 45% in the first five months of 2019.According to the Statistical Service, during the period January � May 2019, 2.820 building permits were issued compared with 2.596 in the correspon...

Motor vehicles registrations record significant annual decrease in the first seven months

Total registrations of motor vehicles decreased by 7.5% to 28.088 between January and July 2019 from 30.373 in the corresponding period of 2018, the Statistical Service said on Thursday.Registrations of passenger saloon cars also decreased significantl...

Moody’s expects deleveraging to resume but warns over small economy and high level of debt

The credit profile of Cyprus (Ba2 stable) reflects its small but wealthy economy, improved economic resilience and the governments fiscal outperformance in the wake of the countrys banking crisis, Moodys Investors Service has said in an annual report.M...

CYPRUS: Building permits for housing increase 45% in first five months

The number of homes to be built recorded an annual increase of over 45% in the first five months of the year to May with permits providing for 3,388 dwellings from 2,333 in 2018.According to official figures, during the period