Average gross monthly earnings in Cyprus increased by 3.7 percent during the first quarter of 2026, reaching €2,601, according to provisional figures released by the Cyprus Statistical Service (CYSTAT).
The increase marks continued wage growth across the Cypriot economy, although...
Scope Ratings has upgraded Cyprus’ long-term sovereign credit rating to A from A-, marking the country’s first upgrade of the year and revising the outlook to stable from positive.
The German rating agency said the decision reflects a significant strengthening...
Projections of Cyprus's economic growth have been revised sharply upwards, both by European institutions and local analysts, according to documents released on Thursday.
The European Commission Autumn forecast said on Thursday that growth in 2017 is forecast to reach 3.5...
Fiscal issues, structural reforms and Non-Performing Loans (NPLs) are the focus of the third post memorandum review of the Cyprus economy, which began on Monday.
Emphasis will be placed on the NPLs, which account for 46% of the total loan...
The Cyprus economy expanded by 3.3% year on year on seasonally adjusted data, marking the highest quarterly growth since the financial crisis of 2013, according to a flash estimate released today by Cystat, Cyprus’ statistical service.
Cyprus has been posting...
The regulation of online betting along with the other measures promoted concerning the betting industry will create a new significant prospect for the economy, Minister of Finance Harris Georgiades has said, as the Cyprus National Betting Authority gears up...
The Cyprus economy has exited recession and is registering positive economic growth, which is projected to be maintained, President of the Republic of Cyprus Nicos Anastasiades has said. He noted, however, that the banking sector still has challenges to...
The European Commission upgraded its forecasts for the growth of Cyprus' economy to 1.2% in 2015, in its Autumn forecast, while the Cypriot Ministry of Finance predicts that 2015 will end with a growth rate of 1.5%.
Specifically, the European...
Rating agency Standard & Poor's has upgraded its assessment of Cyprus to BB-, citing removal of capital controls and strong budgetary performance.
“In April 2015, Cyprus further strengthened its financial stability by removing capital controls without disruption in deposit flows....
The situation in Iraq, the Cyprus solution, the economic crisis and bilateral issues were on the agenda of a meeting Cyprus President Nicos Anastasiades had on Saturday with British Defence Secretary Michael Fallon.
The meeting lasted a little less than...
