Nicosia: Cyprus recorded deflation in May 2025 for the first time in more than four years, with the annual inflation rate turning negative at -0.2%, according to data released on Thursday by the Statistical Service of Cyprus. The last time the Consumer Price Index (CPI) recorded a year-on-year decrease was
Larnaka: President of Cyprus, Nikos Christodoulides, announced that the commencement of upgrades to Larnaka and Pafos airports marks a significant investment in enhancing Cyprus’ international presence and growth potential. The improvements aim to elevate the quality of hospitality for both citizens and visitors alike. According to Cyprus News Agency, during
Nicosia: More than 1 in 5 investors (22%) reported investing in financial products solely based on online advertisements or recommendations from social media influencers, according to a survey conducted by the Cyprus Securities and Exchange Commission (CySEC) and the Department of Accounting and Finance at the University of Cyprus. According
Luxembourg: EU Transport Ministers reached a political agreement, by qualified majority, to start negotiations with the European Parliament on the reform of the current regulations on air passenger rights and air carrier liability. According to Cyprus News Agency, the agreement was reached during the EU Council in Luxembourg. Minister of
Nicosia: The Industrial Turnover Index in Cyprus rose by 5% in March 2025 compared to the same month a year earlier, reaching 137.7 units (base year 2021=100), according to data released by the Statistical Service on Thursday. According to Cyprus News Agency, for the first quarter of 2025, the index
Nicosia: The message sent out by the European Commission’s spring forecast makes clear that the Cypriot economy is stable and resilient, Finance Minister Makis Keravnos said on Thursday, in statements on the sidelines of his participation in a meeting of the parliamentary Defence Committee. According to Cyprus News Agency, the
