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01-03-2024 14:15

Annual National Accounts: First estimate for year 2023

Growth Rate 2,5%The growth rate of the economy in 2023 is positive and is estimated at 2,5% in real terms (volume measures). At current prices, the percentage change in Gross Domestic Product (GDP) amounts to 7,1%.      Regarding the production approach for the estimation of GDP, the positive growth rate is mainly attributed to the sectors: "Hotels and Restaurants", “Construction”, “Wholesale and retail trade; repair of motor vehicles and motorcycles”, "Administrative and support service a...

01-03-2024 14:00

Quarterly National Accounts: 4th Quarter 2023

Growth Rate 2,1%The GDP growth rate in real terms during the fourth quarter of 2023 is positive and it is estimated at 2,1% over the corresponding quarter of 2022. Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at 2,2%.Regarding the production approach for the estimation of GDP, the positive growth rate is mainly attributed to the sectors: "Hotels and Restaurants", "Transport and Storage", "Construction", "Information and Communication", "Whol...

01-03-2024 13:24

Donation of photographic archive to the Department of Antiquities

The Department of Antiquities, Deputy Ministry of Culture announces that Dr Nicholas Stanley-Price generously donated yesterday to the Department of Antiquities part of his personal photographic archive (consisting of 300 slides), formed during his archaeological fieldwork in Cyprus in the early 1970s. Furthermore, Dr Stanley-Price has provided a copy of Richard Cleave’s “Pictorial Archive Near Eastern History. The Crusades, the segment on Cyprus”. The material was received by the Director of...

29-02-2024 14:02

Revenue from Tourism: December 2023

Revenue from Tourism +29,0%Based on the results of the Passengers Survey carried out by the Statistical Service, revenue from tourism reached €74,3 mn in December 2023 compared to €57,6 mn in the corresponding month of the previous year, recording an increase of 29,0%.For the period of January – December 2023, revenue from tourism is estimated at €2.990,6 mn compared to €2.439,2 mn in the corresponding period of 2022, recording an increase of 22,6%. Expenditure AnalysisThe average expen...

29-02-2024 14:01

Announcement by the Ministry of Defence regarding the conference organised as part of the Consultation Forum for Sustainable Energy in the Defence and Security Sector

The European Defence Agency (EDA), in collaboration with the Ministry of Defence of Cyprus, organised a Conference in Larnaca on February 27 and 28 as part of the Consultation Forum for Sustainable Energy in the Defence and Security Sector (CF SDESS). The Conference brought together more than 90 experts in energy from 29 countries, independent organisations, academic institutions, and companies.In his welcome speech Mr Andreas P. Loukas, Permanent Secretary of the Cyprus Ministry of Defence,...

29-02-2024 13:57

Turnover Value Index of Services: 4th Quarter 2023

The Turnover Value Index during the fourth quarter of 2023 recorded increases in the sectors of accommodation and food service activities (16,4%), administrative and support service activities (11,9%) and information and communication activities (5,8%), whereas a decrease was recorded in the professional, scientific and technical activities sector (-1,7%) compared to the corresponding quarter of 2022.During the period January-December 2023, increases relative to the corresponding period of 2...

29-02-2024 13:55

Fiscal Accounts of General Government: January – December 2023

Surplus €876,3 mnThe preliminary General Government fiscal results, which are prepared by the Statistical Service of Cyprus (CYSTAT) indicate a surplus of €876,3 mn (2,9% of GDP) for the period of January - December 2023, as compared to a surplus of €676,3 mn (2,4% of GDP) that was recorded during the period of January - December 2022.RevenueDuring the period of January-December 2023, total revenue increased by €1.306,8 mn (+11,4%) and amounted to €12.763,2 mn, compared to €11.456,3 mn in...

28-02-2024 21:28

The President of the Republic had a meeting with the Prime Minister of the Netherlands

The President of the Republic, Mr Nikos Christodoulides, and the Prime Minister of the Netherlands, Mr Mark Rutte, reaffirmed the excellent level of bilateral relations between Cyprus and the Netherlands during their meeting in The Hague.President Christodoulides, who is on a working visit to the Netherlands, had a meeting with Prime Minister Rutte at 20:00 (Cyprus local time) at the official residence of the Prime Minister of the Netherlands in The Hague.While welcoming President Christodo...

28-02-2024 17:59

The President of the Republic had a meeting with the King of the Netherlands

The President of the Republic, Mr Nikos Christodoulides, had a meeting today with King Willem-Alexander at the Huis ten Bosch Palace in The Hague.President Christodoulides had a meeting with the King this afternoon, within the framework of his one-day working visit to the Netherlands.Upon his arrival at the Palace, a procession paid homage, and he was then received by King Willem-Alexander, with whom he had a meeting.The meeting was focused on, inter alia, the developments with regard to t...

28-02-2024 15:07

Inception of the project “Strengthening capacities and improving the overall performance of Home Affairs Funds in Cyprus”

Today marks the official launch of the EU project “Building Capacity and Improving the Overall Performance of the Home Affairs Funds in Cyprus”, with the kick-off meeting taking place at the premises of the Press and Information Office.The project is funded by the European Commission/Directorate-General for Structural Reform Support (DG REFORM) through the Technical Support Instrument (Technical Support Instrument - TSI) for 2023. The project is implemented by EY Cyprus Advisory Services Lim...

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