Latest News

06 Apr 2018

Office, residential rents record double-digit rise

Rent prices rose at an increasing rate in the third quarter of 2017, driven mainly by office space and residential properties, the Cyprus division of the Royal Institute of Chartered Surveyors (RICS) said.
02 Apr 2018

Cyprus’ Economy expands by 4 % in 2017 fourth quarter

According to the estimation of the statistical service Cystat, Cyprus economy has expanded by 4% in the fourth quarter of 2017 in contrast with the relevant three-month period last year.
28 Mar 2018

ENI made important gas discovery in block 6 of Cyprus' EEZ

The Italian energy firm called Eni which owns 50% of the exploration and exploitation rights for block 6 in partnership with Frances’ Total, discovered a lean gas in the coast of Cyprus after drilling an exploratory well at Calypso, the target of exploration in block 6 of the island’s Exclusive Economic Zone (EEZ).
25 Mar 2018

Cyprus Very Close to it's aim of Renewable Energy Sources for 2020

In 2016, the share from Renewable Energy Sources (RES) in gross final consumption of energy reached 17% in the European Union (EU), compared to the share in 2004 (8.5%).
16 Mar 2018

Government to turn Cyprus into world-class business destination

Cyprus Government aims to promote Cyprus as a world-class destination for businesses and investors. Recently President Nicos Anastasiades has received the credentials of the Ambassador of the Grand Duchy of Luxembourg Cyprus, Paul Steinmetz.
10 Oct 2017

Tourist arrivals expected to hit new record in 2017 exceeding 3.6m

Tourist arrivals are expected to exceed 3.6m in 2017, setting a new record, the Cyprus Tourism Organisation (CTO) said in a statement marking world tourism day. 
10 Oct 2017

Increased competitiveness of Cyprus flag a priority

President Nicos Anastasiades said that further consolidating and enhancing the competitiveness of Cyprus’ flag and maritime cluster remains one of the government’s most important priorities.
10 Oct 2017

Economy grows 3.6% in Q2, Cystat says

Cyprus’s economy expanded an annual 3.6 per cent in the second quarter of 2017 compared to the respective quarter last year, and a seasonally adjusted 3.5 per cent on a boost from tourism, trade, and construction, the statistical service said.
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