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News
Retail market buzzes with clearance sales and back-to-school shopping- August the year’s second-busiest trading month
6+ hour, 21+ min ago (78+ words) Mείνετε συντονισμένοι με όλες τις εξελίξεις όπου και αν βρίσκεστε Strong footfall and turnover across retail categories Retailers broadly welcomed the return of shoppers to high streets and malls, with consumers actively spending despite earlier inflationary pressures. Clearance sales and…...
Finance Minister: Economy resilient despite rising inflationary pressures - "Surpluses exist to serve our needs"
5+ hour, 59+ min ago (654+ words) Mείνετε συντονισμένοι με όλες τις εξελίξεις όπου και αν βρίσκεστε The semi-annual Fiscal Policy report of the Ministry of Finance points to a resilient economy growing at a satisfactory pace, according to Finance Minister Makis Keravnos, who presented the report…...
Island Oil Group highlights people, governance and sustainability progress in 2025 ESG Report
1+ week, 5+ day ago (172+ words) Mείνετε συντονισμένοι με όλες τις εξελίξεις όπου και αν βρίσκεστε Island Oil Group has released its 2025 ESG Report, presenting the Group’s latest progress across environmental, social and governance priorities and outlining the steps taken to further integrate sustainability into its…...
Building permit surge points to positive economic outlook, OEB and KEVE said
1+ week, 6+ day ago (442+ words) Mείνετε συντονισμένοι με όλες τις εξελίξεις όπου και αν βρίσκεστε The sharp rise in building permits is a positive sign for Cyprus’ construction sector and the economy in general, Cyprus Employers & Industrialists Federation (OEB) and Cyprus Chamber of Commerce and…...
Inflation in July stood at 2.9%, according to CySTAT
2+ week, 4+ day ago (291+ words) Mείνετε συντονισμένοι με όλες τις εξελίξεις όπου και αν βρίσκεστε Inflation in July 2026 stood at 2.9%, the Statistical Service of Cyprus said Thursday. According to a press release, the Consumer Price Index in July 2026 decreased by 0.68 points, reaching 102.32 units compared with…...
Cyprus' GDP at €36.5 billion in 2025, according to Eurostat
2+ week, 4+ day ago (144+ words) Mείνετε συντονισμένοι με όλες τις εξελίξεις όπου και αν βρίσκεστε Cyprus’s gross domestic product (GDP) was valued at €36.48 billion in 2025, according to provisional data published by Eurostat on Thursday. According to Eurostat, Cyprus accounted for 0.2 per cent of the European…...
Significant interest rate gaps among Cypriot banks in June, deposit rates remain low
2+ week, 5+ day ago (435+ words) CBN.com.cy Significant interest rate gaps among Cypriot banks in June, deposit rates remain low Significant differences in deposit and lending rates among Cyprus’ credit institutions are revealed in the data published by the Central Bank of Cyprus for…...
Central Bank of Cyprus sets reference interest rate at 11.32%
3+ week, 1+ day ago (151+ words) Mείνετε συντονισμένοι με όλες τις εξελίξεις όπου και αν βρίσκεστε The Central Bank of Cyprus (CBC) has set the reference interest rate, as provided for under Article 314A of the Cyprus Criminal Code, at 11.32%, according to an announcement. The reference rate…...
Households' financial assets reach €65.3b in March 2026, Central Bank of Cyprus reports
3+ week, 1+ day ago (210+ words) Mείνετε συντονισμένοι με όλες τις εξελίξεις όπου και αν βρίσκεστε Households' financial assets in Cyprus amounted to €65.3 billion at the end of March 2026, while household debt stood at €20.1 billion, according to the Quarterly Financial Accounts published by the Central Bank…...
The savings paradox: Cypriots cut costs on everything - except what they wear
1+ mon, 5+ day ago (417+ words) Mείνετε συντονισμένοι με όλες τις εξελίξεις όπου και αν βρίσκεστε NielsenIQ data shows Cypriot consumers deploy an average of 4.4 savings strategies simultaneously. They switch to private-label groceries. They hunt for promotions. They favour discount stores. Yet clothing remains one of…...