News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyOrganic produce in Cyprus is more expensive
The local organic food market has been slow to mature, specialists and stakeholders say, keeping prices often as high as 100 per cent more expensive than conventional food products. Almost two decades after the…
EconomyForeigners are increasingly buying property in Cyprus
According to the land department, the number of foreign real estate buyers in August grew by 34%. At…
EconomyThe European Union limits cash
It’s about paying in cash, in the amount of 10 000 euros and above – such operations now…
EconomyIn Cyprus, the most promising economy of island states
Cyprus has twice taken the leading position in the rating “Island Economy of the Future 2017/2018” from FDi…
EconomyFirst results of drilling in Cyprus
The gas reserves found in the 11th block of the exclusive economic zone of Cyprus were lower than…
EconomyCypriots are increasingly making purchases online
According to the card payment system JCC Payment Systems Ltd, in August the volume of transactions using plastic…
EconomyReal estate sales are growing In Cyprus
As reported by the Department of Land Resources, in August the amount of transactions with real estate grew…
EconomyPetrol price in Cyprus same as European average
According to the Statista rating, a full fuel tank in Cyprus costs about 60 euro. This is the…
EconomyNo compulsory insurance for farmers
Minister of Agriculture Nikos Kuyalis presented a new scheme for agricultural insurance. According to the bill, insurance will…
EconomyCyprus budget surplus amounted to almost 114 million euro
It was reported by statistical service of Cyprus for the period of first 5 months of this year.…
EconomyNew terminal opened in Limassol port
Construction of the new terminal was completed last year. At the moment, the last finishing and furnishing works…