Category: Market

Cyprus Hoteliers express satisfaction over the Cabinet’s decision to further relax restrictions at place to restrain the pandemic in the island and allow Cypriots to stay in the hotels. Cyprus Hoteliers Association Director General, Philokypros Roussounides, has said the introduction of the Coronapass for Cypriots who will choose to spend their vacation in hotels in […]

A spike in renegotiated corporate loans over €1 million pushed new loan contracts in March 2021 registering a 91% increase compared with February, data published by the Central Bank of Cyprus show. Furthermore, pure new loans in the Cyprus banking system registered an increase of 23.8% in March compared with February amounting to €255 million. […]

Industrial turnover recorded an annual decrease of 9% during the first two months of 2021, according to data released Wednesday by the Statistical Service of Cyprus.   In February 2021, the Industrial Turnover Index reached 124.9 units (base 2015=100), recording a decrease of 5.9% compared to February 2020. For the period January-February 2021, the index […]

Cyprus President Nicos Anastasiades said Tuesday that the Government will carry out an international awareness campaign for the Cyprus problem in order to elicit reactions on the positions, which the Turkish side presented during the 5+1 informal meeting in Geneva last week. In statements to the journalists after signing of the book of condolences for […]

Retail Trade in Cyprus followed a mixed course in February with volume posting an annual increase of 1% whereas value declining by 2.6% compared with the respective month of last year. According to the Statistical Service of Cyprus (Cystat), for the period January-February 2021 the value index is estimated to have recorded a decrease of […]

In March 2021, the euro area seasonally-adjusted unemployment rate was 8.1%, down from 8.2% in February 2021 and up from 7.1% in March 2020. The EU unemployment rate was 7.3% in March 2021, also down from 7.4% in February 2021 and up from 6.4% in March 2020. These figures are published by Eurostat, the statistical […]

Liquidity (the difference between deposits and loans) in the Cyprus banking system amounted to 16.8 billion in March 2021, according to data published by the Central Bank of Cyprus (CBC) on Thursday.   According to the CBC, total deposits in March 2021 recorded a net increase of €270.2 million, compared with a net decrease of […]

Revenue from tourism in Cyprus was down by 92.3% on an annual basis this February, data released by the Cyprus Statistical Service, on Thursday, show.   In particular, on the basis of the results of the Passenger Survey carried out by the Statistical Service, revenue from tourism in February 2021 reached €3.8 mn compared to […]