Cyprus saw a 6.6% drop in unemployment in July 2025 compared to the same month last year, according to data released by the Statistical Service of Cyprus. The number of individuals registered as unemployed at District Labour Offices stood at 11,088 on the last day of the month. Despite the annual decline, seasonally adjusted figures indicate a slight month-on-month rise in unemployment. The adjusted...
The investment funds sector in Cyprus recorded robust growth in the first quarter of 2025, with total Assets Under Management (AUM) reaching an impressive €10.7 billion. This data, released in the Q1 2025 Quarterly Statistical Bulletin by the Cyprus Securities and Exchange Commission (CySEC), marks a significant 18% increase year-on-year and a 6.6% rise from the previous quarter. The Cyprus Investment...
The General Government of Cyprus recorded a surplus of €557.6 million, equal to 1.6% of GDP, in the period from January to June 2025, according to preliminary fiscal results released by the Statistical Service of Cyprus (Cystat). The surplus mirrors the same period in 2024, when it stood at €550.7 million, also representing 1.6% of GDP. Revenue PerformanceTotal government revenue for the first half of...
Tourism income in Cyprus reached €373.3 million in May 2025, marking a 20.2% increase compared to €310.5 million in the same month of 2024, according to the latest Passengers Survey data released on Wednesday by the Statistical Service of Cyprus (Cystat). For the period January–May 2025, total tourism revenue is estimated at €955.8 million, representing a year-on-year growth of 27.2% from €751.2...
Household financial wealth in Cyprus stood at €61.9 billion by the end of March 2025, while household debt was equivalent to 58% of GDP, according to the latest Quarterly Financial Accounts released by the Central Bank of Cyprus (CBC). The debt burden of non-financial corporations was notably higher, at 120% of GDP. Household Assets and DebtThe CBC report highlights that households maintained €19.8...
Interest rate trends in Cyprus diverged in June 2025, with household borrowing becoming more expensive while business lending costs declined, according to the latest data from the Central Bank of Cyprus. Deposit rates for both households and non-financial corporations saw minimal movement during the same period. Household Borrowing Costs Rise Consumer loan rates for households increased to 7.01% in June,...
Cyprus’ tourism sector demonstrated notable growth in the first five months of 2025, with total revenue estimated at €955.8 million—marking a 27.2% year-on-year increase from €751.2 million during the same period in 2024. This data was released by the Statistical Service of Cyprus on Wednesday. In May alone, tourism income reached €373.3 million, reflecting a 20.2% rise compared to €310.5...
Cyprus recorded a significant increase in total deposits in June 2025, according to data released by the Central Bank of Cyprus. The net rise reached €654.7 million—an impressive jump compared to the modest €20.8 million increase reported in May 2025. This marks a notable acceleration in deposit activity across the country's banking system. The data, included in the Central Bank’s July 2025...
Lyra Amvrosidou, Executive Director of Property Gallery Developers & Constructors Ltd, offers valuable insights into the evolving real estate landscape in Cyprus, highlighting areas of resilience, upcoming growth sectors, and the importance of supportive government policies. Positive Momentum Expected Through 2026 Looking ahead to the next 12–18 months, Amvrosidou maintains a confident outlook...
The Interior Ministry has officially revised the legal framework governing communal swimming pools, introducing a more flexible set of rules aimed at reducing regulatory strain on property owners, particularly in shared residential complexes. Background: Old Rules Proved Costly and Impractical Previously, any swimming pool serving more than one household was automatically classified as a public facility....
