Cyprus’ nominal GDP amounted to €31.34 billion in 2023 (current prices) marking an annual increase of 6.5%, according to a major revision for 1995-2022 and a revised estimate for 2023, released by CySTAT. Cyprus’ real GDP (measured in volumes), expanded by 2.6% (instead of the previous 2.5%) amounting to €26.96 billion. The top five sectors […]
The government is monitoring developments in the economy and always responds in the context of the capacity of the economy and the public finances, Finance Minister Makis Keravnos has said, adding that the government is not dragged by “slogans and pressures.” The Finance Minister will on 21 October take part in a meeting between the […]
Greece and Cyprus have announced their cooperation in order to jointly promote their participation in the ‘European Transport Corridors,’ with mutual benefits and the strengthening of port infrastructure in both countries. This was announced after a meeting at the Ministry of Transport on the afternoon of 18 October, between the Minister of Transport, Communications and Works, Alexis […]
An inaugural event was held by the Republic of Cyprus mission in Mumbai, themed ‘The Cyprus-India Experience: Perspectives,’ which was spearheaded by Viraj Kulkarni, an entrepreneur and governance consultancy expert of global repute. Kulkarni’s leadership as Honorary Consul is expected to accelerate progress in fostering stronger ties between Cyprus and India, particularly in tourism and […]
New home sales in Cyprus reached €1.9 billion during the first nine months of 2024, according to a report from Nicosia-based firm Landbank Analytics. According to the report, this figure represents a 25 per cent increase compared to the same period in 2023. The report, based on sales contracts submitted to the Department of Lands […]
Cyprus has developed into a modern, effective and comprehensive shipping hub and is now the biggest shipping management centre in Europe and one of the three largest in the world, Deputy Shipping Minister Marina Hadjimanoli said on Saturday. She was speaking at the opening of the fourth Thalassa festival in Limassol inaugurated by her and […]
Cyprus has emerged as a standout performer in the European Union’s latest life satisfaction survey, showing a marked improvement over the past decade. According to recent Eurostat data, Cyprus saw the largest increase in life satisfaction among EU member states, with its score rising from 6.2 to 7.5 out of 10. This surge places Cyprus […]
The Ministry of Education has announced plans to build four new schools in the Larnaca district, including one that is currently under construction. The news was shared by the Education Minister during a meeting with Larnaca’s mayor and deputy mayors, who expressed satisfaction with the progress made on long-standing requests for the district. A new […]
Create a taste of the island in your kitchen with these recipes by Cypriot TV chef Keftedes (Cypriot meatballs) We all love meatballs! When we were living in Cyprus we were the only children in Avgorou village eating them with ketchup! Our father used to work for the English army in the Naafi store, so […]
The Ambassador of the State of Qatar to Cyprus, H.E. Yousef Sultan Laram, and the Mayor of Nicosia, Mr. Charalambos Prountzos, officially launched the 51st international Cyprus Rally, which began on Friday, from the centre of Nicosia. The event will finish on Sunday with the crowning of the new Middle East Champion, as this event […]
A Cypriot bean, tomato and feta puff pastry tart and a Greek-style filo custard pie Yotam Ottolenghi Sat 19 Oct 2024 08.00 BSTShare26 Whenever a new development chef joins the Ottolenghi test kitchen team, they shine a fresh light on the places they’ve been, the people they’ve cooked with and the ingredients they’ve grown up […]
Cyprus’ gross domestic product (GDP) in nominal terms (current prices) reached €31.34 billion in 2023. This marks a growth rate of 6.5 per cent, according to the major revision of national accounts for 1995–2022 and the updated 2023 estimate from the Cyprus Statistical Service (Cystat). In real terms (volume measurements), the GDP growth rate was […]
The Deputy Ministry of Tourism on Friday outlined the need to address long-standing challenges in the tourism sector, in order to maximise its performance and boost the Cypriot economy. Initiatives include enhancing the tourism product and extending the national tourism strategy to 2035 to meet international market trends. Tourism remains vital to the Cypriot economy, […]
Cyprus advanced its space ambitions as the Cyprus Space Research and Innovation Centre (C-SpaRC) recently showcased key developments in its space programme. The Cyprus Space Exploration Organisation (CSEO) described C-SpaRC as a multi-million-euro national initiative funded by the Research and Innovation Foundation (RIF) and backed by NASA TRISH and NASA Marshall, calling it a transformative […]
The number of tourists arriving in Cyprus reached 509,463 in September 2024, up from 487,350 in September 2023. This marks an increase of 4.5 per cent year-on-year, according to the Cyprus Statistical Service (Cystat). For the period from January to September 2024, total tourist arrivals amounted to 3,268,090, compared to 3,136,145 in the same period […]
The 51st Cyprus International Rally gets underway today with the official opening ceremony taking place at 5.30pm in Spyridaki square, on Makariou avenue in Nicosia. Organised by the Cyprus Automobile Association, the rally serves as the final and decisive race of the FIA Middle East Rally Championship (MERC), which will determine the 2024 champion. It […]