Category Archives: Market

House prices drop by 1.3% annually in Q3 2020, CyStat preliminary estimate shows

House prices in Cyprus recorded an annual drop of 1.3% in the third quarter of 2020 compared with the corresponding quarter of 2019, a preliminary estimate released by the Cyprus Statistical Service (CyStat) shows.In particular, according to a CyStat p...

Building permits declined 15.5% in October

Construction activity declined in October with approved building permits dropping 15.5% to 583 from 690 in the previous month of 2020, although Nicosia and Famagusta districts made gains.According to official data published on Wednesday, the value of b...

EC approves €87 m Cypriot guarantee scheme to support companies in the tourism sector affected by the pandemic

The European Commission announced today that it has approved, under EU State aid rules, "a €86.6 million Cypriot scheme to support companies active in the tourism sector (including organisers of package travel, hotel businesses, and car rental companie...

EMA receives AstraZeneca vaccine application – massive quantities of vaccines will arrive in Q2 S.Galina says

The European Medicine Agency, EMA, announced this morning that has finally received "an application for conditional marketing authorisation (CMA) for a COVID-19 vaccine developed by AstraZeneca and Oxford University".According to a written statement EM...

Cyprus trade deficit drops by €314 million in first eleven months of 2020, provisional data show

Cyprus' trade deficit recorded a drop of €314 million in the first eleven months of 2020 provisional data for November released by the Cyprus Statistical Service (CyStat) show.In particular, according to CyStat on the basis of provisional data, total i...

Cyprus construction production up in Q3 2020, prices record annual drop

Cyprus construction production recorded a small annual increase in the third quarter of 2020 while construction prices recorded an annual drop, data released by the Cyprus Statistical Service (CyStat), on Monday, show.In particular, the Index of Produc...