SUNDAY, 5 APR 2020



Facebook Linked In Twitter

Zeta Emilianidou Outlines Measures To Support Employment, Workers And Vulnerable Groups

Cyprus Government: €700 Mn To Counteract Coronavirus Repercussions



Economic Sentiment In Cyprus Falls In February Due To Weaker Business Confidence In Services

Economic Sentiment In Cyprus Falls In February Due To Weaker Business Confidence In Services

In February 2020, economic sentiment in Cyprus deteriorated as the Economic Sentiment Indicator (ESI-CypERC) decreased by 0.7 points compared with January 2020, the CNA reported.
According to Economics Research Centre of the University of Cyprus, the decrease resulted from weaker business confidence in services, despite confidence improvements in retail trade, construction and among consumers.
The decrease in the Services Confidence Indicator was driven by firms’ less favourable views on their past turnover and downward revisions in demand expectations. The increase in the Retail Trade Confidence Indicator resulted from firms’ improved assessments of their past sales and their current stock levels.
The Construction Confidence Indicator rose as a result of firms’ more favourable assessments of the current levels of their order books and upward revisions in employment expectations.
The Industry Confidence Indicator remained at the positive level registered in January, as the downward revisions in production expectations were offset by improved views on past performance.
The Consumer Confidence Indicator increased mainly due to consumers’ stronger intentions to make major purchases in the next 12 months.


Natasa Pilides: We Are Considering Appointing A Maritime Ambassador In Hong Kong

This year promises to be one of major change at the Deputy Ministry of Shipping, as major ...

Trade Deficit At €479.5 million For January 2020

In January 2020, based on data released by Cystat, total imports were €699.6 mn as ...

Konstantinos Petridis: Support Package To Ease Coronavirus Economic Impact To Be Announced Soon

A financial support package for the economy in order to address the consequences from ...



Gold News Update

Due to the measures being taken by IMH to contain COVID-19, we shall not be updating this website or sending out our daily newsletter until further notice. ...

A New Global Methodology To Define Cities And Rural Areas

Have you ever asked yourself how Sustainable Development Goal indicators on sustainable cities and communities can be compared if countries across the world ...

Supporting Businesses Working Remotely with “Cisco Webex Meetings & Messaging for Enterprise”

Today, due to global circumstances resulting from COVID-19 (Coronavirus disease), the need for remote working has significantly increased. Amidst this new ...

Cyprus Government: €700 Mn To Counteract Coronavirus Repercussions

Cyprus announced a financial support package of € 700m, equivalent to 3% of the GDP which includes a series of measures, covering health, finance and ...

Cyprus Airways Suspends Its Flights’ Schedule Until 30 April

  Further to the additional measures announced yesterday by the Cypriot government to prevent spreading the coronavirus (COVID-19) in the country, ...

Zeta Emilianidou Outlines Measures To Support Employment, Workers And Vulnerable Groups

Measures to support employment, workers and vulnerable groups of the population  from the effects of the coronavirus protection measures, which are ...

High Potential Startups And Economic Resilience

Economic growth without innovation is hard to imagine. The ultimate source of productivity increases is innovation. About two-thirds of Europe's economic ...

3CX To Offer Free Communications Solution To Businesses In Wake Of Covid-19

3CX, developer of the award-winning business communications solution, has today announced that they will be offering their software to organizations in Cyprus ...