In the first quarter of 2021, registrations of new businesses increased slightly, by 0.3%, compared with the previous quarter, according to Eurostat. For declared bankruptcies, there was a 5.8% growth in the first quarter of 2021 compared with the fourth quarter of 2020. Year-on-year comparisons show that the number of registrations of new businesses increased … Read more
One-fifth (20.3%) of employees born outside the EU were employed on a temporary contract in the EU in 2020, compared with 13.8% for temporary employees born in a different EU Member State and 11.8% for native-born employees with a temporary job, according to data released today by Eurostat, the statistical service of the EU. According … Read more
In 2020, the European Union (EU) exported close to 5.2 million cars (petrol, diesel, electric and hybrid electric cars), while 3.0 million cars were imported, according to data released today by Eurostat, the statistical service of the EU. According to Eurostat, the trade in electric and hybrid electric cars was on the rise this year. … Read more
Cyprus police fined a pub owner €3,000 in Pafos on Monday evening when his customers were found dancing, which is prohibited under measures in place to contain the coronavirus pandemic. According to the police press office, in total 24 individuals were fined in the last 24 hours across Cyprus out of 5,197 checks, including … Read more
Issues related to the green and digital transformation of shipping were discussed during an online meeting the Cypriot Deputy Minister of Shipping Vassilis Dimitriades held with the Minister of Transport and Communications of Finland Timo Harakka. According to a press release issued by the Deputy Ministry, Dimitriades and Harakka highlighted the global nature of Shipping, … Read more
More than 1 billion Euros will be allocated in Cyprus during the next five years for a speedy transition to a Green Economy. Ministers of Agriculture, Rural Development and Environment, Costas Kadis, Energy, Commerce and Industry, Natasa Pilides and Transport, Communications and Works, Yiannis Karousos, presented on Monday, during a press conference, the policies, reforms … Read more
Total assets of the investment funds were up by 18.9% in March 2021, compared to December 2020, according to the Central Bank of Cyprus, which released on Friday the Investment Funds statistics for the reference month of March 2021. In particular, the total assets of the investment funds increased significantly by approximately 18.9% to €6,678.4 … Read more
Cyprus` trade deficit recorded a decrease in January – February 2021 compared to the corresponding period last year. According to the Statistical Service of Cyprus, the trade deficit was €999.8 mn in January – February 2021 compared to €1,014.1 mn in the corresponding period of 2020. The data is included in the Statistical Service`s monthly … Read more
Lending criteria to businesses and households in Cyprus, became stricter in the fourth quarter of 2020, compared to the previous quarter, as a result of the risks associated with the coronavirus pandemic, according to the Bank Lending Survey for January 2021 of the Central Bank of Cyprus. Furthermore, there was an increase in the applications … Read more
Cyprus President, Nicos Anastasiades, said on Wednesday that a total of 1.18 billion euros will be spent in a period of five years to protect the environment and promote green economy. Speaking during a visit he paid to the premises of the Cyprus Environmental Industries recycling unit, accompanied by Agriculture, Rural Development and Environment … Read more