A slowdown in the residential property price indices in Cyprus both quarterly and on an annual basis has been reported in the second quarter of 2021, as a result of a small decrease in the price of houses and an increase in the price of apartments.Acco…
Category: Market
President Anastasiades pledges full support to shipping industry
The Government will continue to offer its full support to shipping and through its national strategy, will continue to further consolidate collaboration between the Deputy Ministry of Shipping and the shipping industry to effectively respond to the nee…
Industrial Turnover in Cyprus up 10.6% in July
Industrial Turnover showed a significant increase of more than 10% in July 2021, but also in the first seven months of the year, a development that is mainly due to the increase in electricity and water supply sectors.According to the Statistical Servi…
Cyprus to get loan of €65.5 million from CEB, Cabinet decides
The Cabinet decided on a loan agreement of €65.5 million between the Council of Europe`s Development Bank (CEB) and the Republic of Cyprus, Deputy Government Spokesperson Niovi Parisinou has said.In a written statement, Parisinou said that the loan wil…
Production in construction up 26.2% in Q2, while output prices increase 5.4%
The Index of Production in Construction during the second quarter of 2021 reached 195.7 units (base year 2015=100,0), recording an increase of 26.2% over the second quarter of 2020, according to a press release by the Statistical Service of CyprusBy ty…
State budget for 2022 provides for “a significant fiscal correction” FinMin says
The 2022 state budget provides for a significant correction of the fiscal deficits accumulated during the Covid pandemic, as Cyprus moves from recovery to growth, Minister of Finance Constantinos Petrides said on Thursday , handing over the state budge…