Cypriot / News

The video game development sector has become a significant driver of the island’s economy, reaching a share of 3.3% of Cyprus’s total GDP

These figures highlight the growing influence of the IT industry on the country’s financial well-being. The development of the gaming industry contributes not only to the inflow of capital but…

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13.10.2026

Cypriot / News

The average hotel occupancy in Cyprus in July and August is at an average of 85%,

which is noticeably lower than last year's figure. This was announced on July 27, 2026, by Christos Angelides, Director General of the Cyprus Hoteliers Association (PASYXE).   The pace of…

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03.08.2026

Cypriot / News

The President of Cyprus presented a large-scale plan of reforms and investments

In his annual keynote speech at the Presidential Palace, President of the Republic of Cyprus Nicos Christodoulides outlined more than 55 priority initiatives to be implemented in 2026. The presentation…

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08.02.2026

Cypriot / News

Climate change is a threat to Cyprus’ economy

A study published on Tuesday said that Cyprus' economy will suffer from the effects of climate change. According to forecasts, if no measures are taken, by 2050 the gross domestic…

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21.12.2025

Cypriot / Economy / International / News / News

Local products of Cyprus are considered a national treasure

The Minister of Agriculture of Cyprus, Maria Panayiotou, said on Thursday, November 7, that such traditional quality products as haloumi, kolokasi and commandaria are the national treasure of the country.…

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25.12.2024

Cypriot / News / News

About 14% of the population of Cyprus is at risk of poverty

According to a survey by the statistical service Cystat, in 2023, about 14% of the population of Cyprus, which is 127,236 people, were at risk of poverty or social exclusion.…

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12.11.2024

Cypriot / News / News

Morningstar DBRS rating agency assigned Cyprus a BBB (high) credit rating and raised its outlook from “stable” to “positive”

   

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29.10.2024