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Cyprus inflation drops to 1.6 per cent in March, according to Eurostat

The Consumer Price Index (CPI) in Cyprus exhibited a yearly growth rate of 1.6 per cent in March, a decline from the 2.1 per cent recorded a month earlier, according to Eurostat’s preliminary estimate, which was published on Wednesday, 3rd of April of 2024. On a monthly basis, comparing March to February, there was an increase of 0.7 per cent. …

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Eurostat: 71% of internet users in Cyprus took measures to protect their data

A total of 73% of EU internet users managed the access to their personal data online in some way in 2023 in at least one way, according to information released by Eurostat, on the occasion of the Council of Europe’s Data Protection Day (28th January). In Cyprus, this share stood at 71% in 2023, a little under …

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Banking best it’s been in a decade, experts say

The Cypriot banking sector is in the best position it has been in a decade, experts said during a session on the sector’s response in an environment of elevated interest rates, at the Economist’s 19th Annual Cyprus Summit. Representatives of the European Central Bank’s Single Supervisory Mechanism (SSM), the European Stability Mechanism (ESM) and the …

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Cyprus continues to attract foreign investor interest

Cyprus has been gathering substantial attention from international investors, particularly from fund managers and investment funds, as it solidifies its position as a top investment destination in Eastern Europe and the Middle East, according to Andreas Yiasemides, president of the Cyprus Investment Funds Association (CIFA). Yiasemides recently travelled to the United States and Italy, where …

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European standards for companies’ sustainability reports, approved by the Commission

European standards for the submission of sustainability reports by companies have been approved by the Commission, according to an announcement by the Cyprus Organization for Standardization (CYS). The announcement states that “this is an important step towards ensuring transparency regarding the impact of business practices on environmental, social and governance issues”. It is also noted …

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Cyprus once again among EU’s strongest innovator countries

Cyprus has ranked among the EU’s strong innovators for a second year in a row, according to the annual EU innovation scoreboard, marking a significantly faster performance than the EU average. According to the Research and Innovation Foundation (IDEK), Cyprus’ strengths include linkages between innovative SMEs collaborating with others, a sector in which Cyprus marked …

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