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601. CBC: Noticeable decrease in household and business debt

Business and household debt in Cyprus reached €56.2 billion in the first quarter of 2022, according to data from the Central Bank of Cyprus....

602. Foreign Direct Investment in Europe a game of two halves: current volatility impacts strategy while long-term appeal instills confidence

Europe’s attractiveness for FDI has shown signs of recovery following the COVID-19 pandemic with a 5% increase in the number of projects announced in 2021 compared to 2020, according to the latest annual EY European Attractiveness Survey....

603. Covid cases decreasing in Cyprus

COVID-19 cases in Cyprus in the last couple of days are down, according to Health Minister Michalis Hadjipantela, who also said that in one or two weeks, the COVID protocol for schools will be ready....

604. Oil and gasoline sales decreased in June

A total decrease of 6.8% was recorded in the sale of petroleum products in June, falling to 55,061 tons. Total sales of gasoline for June were down 5.9 percent, while diesel sales were down 10.4 percent, according to statistics released by the National Bureau of Statistics on Wednesday....

605. 48 years later...The generation that grew up in ignorance

I belong to that generation that was born and grew up in the decade after the invasion when the existing state of affairs in Cyprus began to consolidate. We are that generation that didn't live through the disaster, didn't live in tents, didn't see the dead....

606. Increase in covid measures not ruled out just yet

Our primary aim is for schools to remain open and children to suffer the least inconvenience, Minister of Health Michalis Hadjipantela said on Sunday, adding that, if necessary, more measures will be taken to contain the spread of coronavirus....

607. Cost of basic consumer goods continues to rise

Prices of the vast majority of basic consumer goods continued their steady rise. Between June 8 to July 13, the largest increase was recorded in Vegetables (greenhouse cucumbers) reaching 52.2%, ...

608. Construction projects decline as prices soar

Activity in the construction sector in Cyprus continues its decline in the first quarter of 2022, amid soaring prices, data released on Tuesday by the Statistical Service of Cyprus show....

609. Are we digitally addicted?

Smartphones are wonderful but they can have serious detrimental effects on our mental health and overall well-being because they lead to digital dependency. One big downside of digital hyper-connectivity is the tendency to multitask....

610. Trade deficit increased to €2,967.6 million for the period January – May 2022

The trade deficit was €2,967.6 mn in January – May 2022 compared to €2,265.8 mn in the corresponding period of 2021, according to provisional data, published by the Statistical Service on Monday....

611. Fewer permanent positions filled by Cyprus government this year

Employment in permanent government positions fell by 679 people, or 2.5%, from 26,629 to 25,950, while employment in temporary positions increased by 882 people, or 4.9%, to 18,980 compared to 18,098 in June 2021, according to data from the Statistical Service published on Monday....

612. Inflation edges closer to double digits in June

Inflation in Cyprus in June edged closer to double-digits driven by the soaring prices in electricity and energy on the backdrop of the war in Ukraine....

613. Unemployment down 53.8% from last year, but up 16.5% from last month

The number of registered unemployed persons at the end of June 2022 decreased by 53.8% compared to June 2021, based on (actual) data kept at the Provincial Labour Offices, falling to 12,332....

614. Cyprus employment fell by 1.5% to 39,100 persons employed

Employment in the broad industrial sector decreased in 2020 by 1.5% to 39,100 compared to 39,700 in 2019, according to the results of the Survey on Industrial Production 2020, published by the Cyprus Statistical Service on Monday. ...

615. Bank of Cyprus offering voluntary retirement plans for up to 600 employees

The Bank of Cyprus is offering a Voluntary Retirement Plan to 500 - 600 employees of its employees in the hopes that it can reduce its number of employees in order to maintain profitability. ...

616. Retail trade in the grip of inflation

The market is under intense pressure due to the inflationary trends of recent months with consumers appearing hesitant on their trips to retail stores. More shoppers are looking for special offers and refraining from impulsive buys....

617. Consumer confidence in the economy deteriorates in June

The economic sentiment in Cyprus deteriorated in July, pushed downwards by weaker business confidence in services, industry and retail trade....

618. Petroleum product sales up by 34%, oil reserves down by 17.1%

Total sales of petroleum products increased by 34% on an annual basis in May 2022, while total petroleum reserves decreased by 17.1% (18,020 tons) at the end of May 2022, compared to the end of May 2021....

619. Von der Leyen: Turkey ‘further away’ from EU

Turkey is now further away from the EU compared to what was happening a quarter of a century ago, according to European Commission President Ursula von der Leyen, in an interview given to a small number of European newspapers, including Kathimerini....

620. Guterres: 'More direct contact between the two communities is needed'

UN Secretary-General Antonio Guterres has urged the leaders in Cyprus, President Nicos Anastasiades and Turkish Cypriot leader Ersin Tatar to encourage more direct contact and cooperation between the two communities, expressing his concern about the likelihood that the already difficult climate between the parties could worsen....

621. Immigrant arrivals will more than double in 2022

The official data on illegal arrivals in territories controlled by the Republic of Cyprus are alarming. For the first half of 2022, the number of asylum seekers has skyrocketed, compared to 2021, with the current year looking to break a decade's old record....

622. No end in sight to weekly price hikes in fuel

Increases in fuel prices are taking place almost on a weekly basis, according to gas station owners. ...

623. Number of registered unemployed persons drops by over 66% in May

The number of unemployed persons, registered at the District Labour Offices registered a steep drop in May declining to 10,586 persons, marking an annual reduction of 66.2%....

624. Global IPO market experiences significant slowdown in Q1 2022

625. Cyprus' unemployment rate down from 8.4% to 5.4% compared to last year

The seasonally-adjusted unemployment rate in Cyprus reached 5.4% in April 2022, decreasing from 5.8% last month and from 8.4% in April 2021, according to figures published by Eurostat, the statistical office of the European Union....

626. Masks no longer required in indoor spaces as of June 1st

Masks will no longer be required in indoor spaces as of June 1st, according to an announcement today from the Ministry of Health....

627. European fruit contaminated with toxic pesticides

Shocking rise in toxic pesticides on European fruit, says study...

628. RICS Cyprus Property Price Index with KPMG in Cyprus announces results of Q1 2022

KPMG in Cyprus announces that the “RICS Cyprus Property Price Index with KPMG in Cyprus” has been issued for Q1 2022...

629. Slight rise in economic sentiment in May

Economic sentiment in Cyprus improved slightly this May as the Economic Sentiment Indicator (ESI-CypERC) increased by 1.1 points compared with April 2022, according to the results of the Business and Consumer Survey of the Economics Research Center of the University of Cyprus....

630. Lebanese banks in Cyprus to shut down amid the country's financial crisis

Branches of Lebanese banks operating in Cyprus will shut down following a decision by the country’s Central Bank. A Central Bank of Cyprus (CBC) official has confirmed to CNA the decision taken by the country’s banking regulator....