Add news
March 2010 April 2010 May 2010 June 2010 July 2010
August 2010
September 2010 October 2010
November 2010
December 2010
January 2011
February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 November 2013 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 September 2014 October 2014 November 2014 December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015 December 2015 January 2016 February 2016 March 2016 April 2016 May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December 2017 January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 July 2019 August 2019 September 2019 October 2019 November 2019 December 2019 January 2020 February 2020 March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 September 2020 October 2020 November 2020 December 2020 January 2021 February 2021 March 2021 April 2021 May 2021 June 2021 July 2021 August 2021 September 2021 October 2021 November 2021 December 2021 January 2022 February 2022 March 2022 April 2022 May 2022 June 2022 July 2022 August 2022 September 2022 October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 April 2023 May 2023 June 2023 July 2023 August 2023 September 2023 October 2023 November 2023 December 2023 January 2024 February 2024 March 2024 April 2024 May 2024 June 2024 July 2024
1 2 3 4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
News Every Day |

Cyprus Business Now

Cyprus Business Now

Tourism revenue in Cyprus saw a modest rise of 5.5 per cent in the first quarter of 2024, compared to the same period in 2023, while April remained essentially the same, according to a report released on Monday by the Cyprus Statistical Service (Cystat).

According to the report, which is based on the Cyprus Statistical Service’s travellers survey, tourism revenue for April 2024 was reported to have reached €217.4 million, a slight decrease of just 0.1 per cent compared to April last year, which saw a revenue of €217.6 million.

From January to April 2024, tourism revenue totalled €440.7 million, marking an increase from €417.6 million in the corresponding period of the previous year.

April 2024 also witnessed a notable rise in tourist expenditure per capita, climbing by 2.6 per cent to €651.69, up from €634.89 in April 2023.


The Cyprus government saw its surplus climbing to 1.9 per cent of the country’s Gross Domestic Product (GDP) between January and May 2024, up from 1.1 per cent in the same period last year, according to a report by the state’s statistical service.

This increase, detailed in the preliminary fiscal results released on Monday, translates to a surplus of €590.6 million, marking a significant rise from €322.7 million previously.

Despite a rise in expenditures, fiscal stability was successfully maintained, bolstered by a substantial uptick in revenues, primarily from taxes and social contributions.

Breaking down the revenue components, total revenues surged by 14.9 per cent, amassing an additional €700.8m to reach €5.39 billion.

This is an increase from the €4.69bn recorded over the same timeframe in 2023.


The House is expected to discuss legislation concerning the establishment and operation of collective investment organisations in September, following the end of the summer recess, according to statements made on Monday.

The draft law aims to establish an additional tier of services for managing collective investments through the operation of Collective Investment Organisations (Fund managers), complementing the existing level of collective investment funds.

This aims to enhance sector specialisation, improving services for capital managers and investors alike.

Discussions began last April, with several stakeholders expressing reservations about specific provisions, despite their overall support for the draft.

“We need to strike a balance; we must move ahead with this legislation as it enhances our competitiveness as an economy,” stated Christiana Erotokritou, chair of the House Finance Committee, which convened on Monday.

“We say that we want to become a financial hub, so we must have a framework of laws while simultaneously protecting our country’s transparency and credibility,” she added.


Cyprus saw a 20.1 per cent increase in tourist arrivals during 2023, reaching 3,845,652 compared to 3,201,080 in 2022, with over one-third of visitors staying in Paphos, according to a report by the state’s statistical service.

Another key highlight of the report was that Cyprus’ tourism revenue rose by 22.6 per cent, totalling €2.99 billion.

In more detail, the report revealed that total traveller arrivals reached 6,107,725 in 2023, marking a 26.4 per cent increase from 2022, while trips abroad by Cypriot residents increased by 33.4 per cent, reaching 1,680,345.

The United Kingdom was the primary source of tourism for Cyprus in 2023, accounting for 33.9 per cent of total arrivals, followed by Israel (10.7 per cent), Poland (7.1 per cent), Germany (5.5 per cent), Greece (4.9 per cent), Sweden (3.8 per cent), and both Romania and France (2.1 per cent each).


The average gross monthly earnings of employees in Cyprus saw a 5.7 per cent increase during the first quarter of 2024, reaching €2,378 compared to €2,251 in the same period of 2023, according to a report from the Cyprus Statistical Service (Cystat).

Furthermore, the seasonally adjusted average gross earnings for the first quarter of 2024 are estimated at €2,424, marking a 1.5 per cent rise from the fourth quarter of 2023.

The statistical service reported that the average gross monthly earnings for men in the first quarter of 2024 were estimated at €2,564, while for women, they were €2,145.

Compared to the first quarter of 2023, the average monthly earnings for men and women increased by 6.0 per cent and 5.1 per cent, respectively.

Preliminary data revealed the distribution of gross monthly earnings among employees in the first two months of 2024.


Cyprus’ Industrial Producer Prices Index experienced a 2.5 per cent decrease in May 2024 compared to the same month in 2023, according to a report by the state’s statistical service.

For the period from January to May 2024, the index saw a reduction of 3.2 per cent compared to the corresponding period last year.

In May 2024, the Industrial Producer Prices Index reached 122.4 points (base 2021=100), showing an increase of 0.5 per cent compared to April 2024.

Moreover, according to the statistical service, the index remained stable in the manufacturing sector in May 2024 compared to April 2024.


The top ten most expensive property sales in Cyprus exceeded €39 million in May of this year, with Limassol continuing to dominate the high end of the market, according to a report compiled by real estate analytics firm Ask Wire.

It is indicative that the priciest real estate transaction, valued at €17.65 million, was recorded in Limassol for a single commercial development.

Moreover, Limassol emerged as the leading district with five transactions among the top ten sales, followed by Paphos and Nicosia with two each, and Larnaca with one.

These transactions totalled €25.8 million in Limassol, €7.5 million in Paphos, €4.6 million in Nicosia, and €1.3 million in Larnaca.

Ask Wire CEO Paulos Loizou noted that “Limassol demonstrates its dominance in high-value property sales, highlighting its enduring market strength”.

“Moreover, May saw an increase in high-value property transactions across all regions of free Cyprus compared to April,” he stated.


The Cyprus Stock Exchange (CSE) ended Monday, July 1 with losses.

The general Cyprus Stock Market Index was at 160.91 points at 12:17 during the day, reflecting a decrease of 0.04 per cent over the previous day of trading.

The FTSE / CySE 20 Index was at 97.88 points, representing a drop of 0.04 per cent.

The total value of transactions came up to €122,841, until the aforementioned time during trading.

In terms of the sub-indexes, the main index fell by 0.02 per cent. The alternative and investment firm indexes rose by 0.12 per cent and 1.33 per cent respectively. The hotel index remained stable.

The biggest investment interest was attracted by the Bank of Cyprus (no change), Hellenic Bank (-1.14 per cent), Demetra (+1.36 per cent), Mitsides (-2.31 per cent), and Lordos United Plastic (no change).

Москва

«ЧайФ», наука и очень много динозавров: как я съездила на «Динотерру»

Building A Blockbuster Trade Between The White Sox And Mariners

Ian Wright and Gary Neville go wild after Bellingham’s England equaliser… as eagle-eyed fans spot Roy Keane’s reaction

‘I made it work that night’: Stevenson reflects on negative fan response as he readies for next outing

Diego Lopes holds no ill will toward Brian Ortega after UFC 303, hopes for Sphere rebooking

Ria.city






Read also

Leicester City Closing In On Atalanta Star, Foxes Splashing Cash

The #LUFC Breakfast Debate (Thursday 4th July) An agreement with Kamara already in the pipeline

Farewell to Hollywood's Famed "Columbia Ranch," which "Housed" Film and TV homes including "Bewitched"

News, articles, comments, with a minute-by-minute update, now on Today24.pro

News Every Day

‘I made it work that night’: Stevenson reflects on negative fan response as he readies for next outing

Today24.pro — latest news 24/7. You can add your news instantly now — here


News Every Day

Building A Blockbuster Trade Between The White Sox And Mariners



Sports today


Новости тенниса
Готфрид фон Крамм

Звезда «Гонки» Даниэль Брюль снимет байопик о немецком теннисисте Готфриде фон Крамме



Спорт в России и мире
Москва

Отличники и олимпиадники из школ Нижней Туры посетили выставку «Россия» по инициативе Евгения Куйвашева



All sports news today





Sports in Russia today

Москва

Отличники и олимпиадники из школ Нижней Туры посетили выставку «Россия» по инициативе Евгения Куйвашева


Новости России

Game News

After three hours of attempts, Elden Ring folk hero Let Me Solo Her has beaten Shadow of the Erdtree's final boss⁠: 'Holy crap, I am shaking'


Russian.city


Интернет

Языковые модели на основе искусственного интеллекта, повышение производительности сотрудников и экономия ресурсов: BIA Technologies обозначила основные тренды цифровой трансформации


Губернаторы России
Сергей Лавров

Лавров: России, КНР и Монголии интересна интеграция экономических проектов


Марина Кравец: в многоквартирном доме в Смоленском районе наступил «водный апокалипсис»

Новые автобусы запустят в микрорайоне Алексеевская роща в Балашихе

НОЧЬ на Острове кукол в Мексике - Ghostbuster

Совладелец «ТЕХНОНИКОЛЬ» Игорь Рыбаков запустил на Дальнем Востоке бизнес-клуб «Эквиум»


Гала-концерт «Ночь Чайковского» под руководством Юрия Башмета пройдет в Клину 6 июля

Под открытым небом слушать Вивальди – это невероятно!

«Хочу проверить, насколько танец может передавать историю» // Большой театр готовит балетную «Бурю»

Экс-девушка Тимати Решетова обратилась в МВД из-за поста Вероники Степановой


Россия — первая по теннисным отказникам! Почему сразу девять наших сказали «нет» Олимпиаде в Париже

Бекхэм оценил шутку Радукану о сравнении её игры на Уимблдоне-2024 и Англии на Евро-2024

Уимблдон. 3 июля. Алькарас сыграет вторым запуском, Медведев и Синнер выйдут на Центральный корт

30-я победа в сезоне: Медведев справился с Мюллером, а Карацев из-за травмы не доиграл матч с Хачановым на Уимблдоне



Языковые модели на основе искусственного интеллекта, повышение производительности сотрудников и экономия ресурсов: BIA Technologies обозначила основные тренды цифровой трансформации

Каждый второй житель России формирует накопления

Совладелец «ТЕХНОНИКОЛЬ» Игорь Рыбаков запустил на Дальнем Востоке бизнес-клуб «Эквиум»

Совладелец «ТЕХНОНИКОЛЬ» Игорь Рыбаков запустил на Дальнем Востоке бизнес-клуб «Эквиум»


Собянин предупредил об аномальной жаре 4 июля и грозе 5 июля в Москве

Дирекция по качеству АО "Желдорреммаш" посетила локомотивостроительные заводы ТМХ

Даванков предложил отправлять в приюты диких животных, изымая их у плохих хозяев

Такого вы еще не видели: в России проходит кастинг на участие в самом удивительном конкурсе красоты


Нагрузка на сердце: врач Касперович назвала последствие потребления алкоголя в жару

ФАС завела дело после повышения цен на автостоянку в Пулково

В Тверской области строят дороги к инвестплощадкам

Святое озеро в Шатуре назвали лучшим пляжем в Московской области



Путин в России и мире






Персональные новости Russian.city
Фридерик Шопен

Шопен под небом



News Every Day

Ian Wright and Gary Neville go wild after Bellingham’s England equaliser… as eagle-eyed fans spot Roy Keane’s reaction




Friends of Today24

Музыкальные новости

Персональные новости