Category Archives: Business

Cyprus records annual deflation of 0.5% in November

Cyprus recorded annual deflation of 0.5% in November 2019, while for the first 11 months of the year inflation of 0.2% was recorded.

The Consumer Price Index (CPI) increased in November by 0.31 units and reached 101.60 units compared to …

New Finance Minister says privatising Cyta a priority

Privatising the Cyprus Telecommunications Authority (Cyta) and continuing the government’s fiscal policy are top of the new Finance Minister Constantinos Petrides’ to do list.

He told parliament during his first appearance as Finance Minister that the government is committed to …

Cyprus banks are not giving out new loans

Cyprus banks are keeping a tight lid on loans given out to consumers and businesses as credit expansion in 2019 is restricted to a single figure percentage, despite the high liquidity in their coffers.

According to the Central Bank of …

Cyprus records annual deflation of 0.5% in November and slight inflation in last 11 months

Cyprus recorded deflation of 0.5% in November 2019, compared to November 2018. According to the Statistical Service of the Republic of Cyprus, during the period January-November 2019, inflation of 0.2% was recorded compared to the first eleven months of the

Register unemployment drop to decade – low levels

Unemployed persons, registered at the District Labour Offices, based on data adjusted for seasonal fluctuations, reached November 2019, the lowest level since February 2010.

According to a press release by the Statistical Service of Cyprus, the unemployed persons, registered at …

Register unemployment drop to decade – low levels

Unemployed persons, registered at the District Labour Offices, based on data adjusted for seasonal fluctuations, reached November 2019, the lowest level since February 2010.

According to a press release by the Statistical Service of Cyprus, the unemployed persons, registered at …