MONDAY, 18 JUN 2018



Facebook Linked In Twitter

Georgiades: European Fiscal Framework Rules Need to be Simplified

Snapbox Holdings: Cyprus Has a Potential of Becoming a Key Investment Destination



Motor Vehicle Registrations Increase by 29.1%

Motor Vehicle Registrations Increase by 29.1%

Total vehicle registration was up by 29.1% in 2017 compared to 2016, according to data released by the Cyprus Statistical Service. The registrations of motor vehicles increased to 43,640 in January-December 2017, compared to 33,805 vehicles in the same period of 2016.

At the same time saloon cars increased to 36,067, from 27,956 in 2016, also recording an increase of 29%. 13,118 saloon cars or 36.4% were new and 22,949 or 63.6% were used.

Coaches and buses registered in 2017 increased to 200, up from 133 in the previous year.

Goods conveyance vehicles were also up by 43.1% to 4,396 in 2017, compared to 3,072 in 2016.

Light goods vehicles increased by 44.6% to 3,738 in 2017, up from 2,585 in 2016. Heavy goods vehicles also increased by 37.4% to 408 in 2017, from 297 in the previous year. Tractors or trailer units increased by 31.6% to 250 in 2017, from 190 in 2016.

Mopeds < 50cc increased by 32.3% to 254 in January-December 2017, compared to 192 in January-December 2016. Motorbikes > 50cc increased by 5.7% to 2,435 in 2017, compared to 2,303 in 2016.

EU member countries were the main suppliers of motor vehicles in Cyprus during 2017. The EU accounted for 58.1% of the total registrations, while Japan΄s share stood at 28.5%.

To view the full Statistical Service report click here.


Employment in Cyprus up by 4% In the First Quarter Of 2018

Total employed persons in Cyprus amounted to 391,701 in the period of January – ...

Eurostat: Employment in Cyprus Rises by 0.8%

The number of persons employed increased by 0.4% in both the euro area (EA19) and the ...

NPLs Decline Slightly Below €22 Billion in February

Non- performing exposures (NPEs) in the Cypriot banking system declined below €22 ...



ECB to End Stimulus Programme in December

The European Central Bank (ECB) has confirmed it will end a huge programme to stimulate the eurozone economy in December. The ECB will stop its bond-buying ...

Fear in the Workplace: How Much is it Costing you?

Fear is good: it keeps us alive and safe; and in the workplace, it can spur us on to achieve. But left unchecked, it can significantly impact our abilities, ...

Snapbox Holdings: Cyprus Has a Potential of Becoming a Key Investment Destination

Looking at the current investment climate in Cyprus, it is clear that foreign investments constitute one of the most important factors in Cyprus’ ...

Georgiades: European Fiscal Framework Rules Need to be Simplified

Finance Minister Harris Georgiades has expressed the view that the rules of the European fiscal framework ought to undergo a reform and become more simplified, ...

Three ISO Certifications for VTS Vasiliko Terminal Services

VTS Vasiliko Terminal Services (VTS), a leading marine services provider at Cyprus’ ports and terminals, and member of the Limassol-based RPT Group, has ...

Royal Academy of Dramatic Art Trains CFA

Members of CFA Society Cyprus had the opportunity to follow professional presentation, executive presence and story-telling seminars by professional trainers ...

Oracle and PwC to Support Finance Transformation for Insurers and Provide IFRS 17 Compliance Expertise

Oracle Financial Services Analytical Applications (OFSAA) and PwC, an Oracle PartnerNetwork (OPN) Platinum and Cloud Elite partner, announced today a global ...

Petrolina: Grand Sponsor of Charity Concert by the Association of Friends of Agia Skepi

Cypriot petroleum company PETROLINA was once again the grand sponsor of the annual charity concert organised by the Association of Friends of Agia Skepi in ...




Invest Career 19/04-26/08