CYPRUS


Cyprus saw growth of 2.5% in 2023
CYPRUS

Cyprus’ economic growth is estimated at 2.5% in real terms in 2023. At current prices, the increase in gross domestic product is estimated at 7.1%.

EIB financing to Cyprus exceeds €2 bln
ECONOMY

The European Investment Bank’s (EIB) contribution to the Cyprus’ economy was considerable, with 230 million euros disbursed in loans for public sector projects in 2023.

Cyta lands smart meter tender of EAC
CYPRUS

The Board of Directors of the Electricity Authority of Cyprus (EAC) has granted the contract for 400,000 smart electricity meters to telecommunications market leader Cyta.


Pre-emptive checks on Cyprus firms
CYPRUS

Cypriot Finance Minister Makis Keravnos announced on Tuesday that the cabinet of the Republic of Cyprus has approved the establishment of a unified regulatory authority for companies offering administrative services.


In Cyprus Halloumi war, an ex-pilot champions the old ways
ECONOMY

Cheesemaking newcomer Pantelis Panteli has become an unlikely bastion of an old tradition amid a bitter legal battle about the ingredients of Cyprus’s prized Halloumi. Should it be made from cow’s milk – which now forms the bulk of exports and has a mellower taste – or from tarter goat and ewe milk, which some purists swear by?



Cypriot inflation accelerated in January
ECONOMY

Cyprus’ Harmonized Index of Consumer Prices accelerated slightly to 2.1% year-on-year in January, up from December’s annual reading of 1.9%, the Cyprus Statistical Service said on Thursday. The HICP in January amounted to 112.67 units from 114.09 the month before recording a monthly drop of 1.2%.

Turkish UAV base approved
NEWS

Turkish-Cypriot leader Ersin Tatar announced on Thursday he is transferring control of the Gecitkale air base in Turkish-occupied northern Cyprus to the Turkish Army to serve as a deployment hub for unmanned aircraft.


Egypt and Cyprus poised for enhanced energy cooperation
ECONOMY

On Wednesday, Cypriot Minister of Energy, Trade and Industry George Papanastasiou and Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla discussed how to strengthen cooperation between Cyprus and Egypt in the field of energy. 

Bid against protected status of halloumi fails
ECONOMY

A top court in the European Union on Wednesday rejected an attempt to drop the protected status of halloumi, staving off a challenge to the prized cheese that is one of Cyprus’ top exports.