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04-12-2024 17:51
Opening Speech by the President of the Republic of Cyprus, Mr Nikos Christodoulides, at the EY Cyprus Attractiveness Forum 2024
It is with great pleasure that I address the EY Attractiveness Forum 2024. Events like this, along with the EY Attractiveness Reports, serve as vital tools for governments and businesses alike. They provide deep insights into foreign direct investment trends and investor sentiment, helping us understand the evolving global landscape. By identifying key drivers of economic competitiveness and highlighting emerging opportunities, these initiatives empower us to formulate policies that attract i...
04-12-2024 15:58
Turnover Value Index of Transport and Storage: 3rd Quarter 2024
Annual Change +2,0% The Turnover Value Index of Transport and Storage during the third quarter of 2024 reached 145,1 units (base year 2021=100), recording an increase of 2,0% compared to the corresponding quarter of the previous year. By economic activity, increases relative to the third quarter of the previous year were observed in water transport (10,7%), in land transport (7,1%), in postal and courier activities (4,1%) and in warehousing and support activities for transportation (1,3%), ...
04-12-2024 15:40
Turnover Value Index of Services: 3rd Quarter 2024
The Turnover Value Index during the third quarter of 2024 recorded increases in the sectors of real estate activities (11,5%), information and communication activities (8,0%), accommodation and food service activities (6,4%), administrative and support service activities (5,7%) and professional, scientific and technical activities (4,6%) compared to the corresponding quarter of 2023.During the period January-September 2024, increases relative to the corresponding period of 2023 were observed...
04-12-2024 15:26
Registered Unemployed: November 2024
The unemployed persons, registered at the District Labour Offices on the last day of November 2024, reached 11.087 persons. Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for November 2024 reached 10.375 persons remaining at the same level in comparison to the previous month. (Table 1)In comparison with November 2023, a decrease of 1.575 persons or 12,4% was recorded, attributed mainly to the sectors of financial and insurance a...
04-12-2024 15:14
The High Commissioner of the Republic of Cyprus to the United Kingdom presented his credentials
The new High Commissioner of the Republic of Cyprus to the United Kingdom, Dr Kyriacos Kouros, presented his credentials to His Majesty King Charles III at an official ceremony held at the Buckingham Palace, in London, on 26 November 2024. During the ceremony, Dr Kouros conveyed the cordial greetings of the President of the Republic of Cyprus, Mr Nikos Christodoulides, underscoring the historic ties of friendship and cooperation that link Cyprus with the United Kingdom. King Charles III war...
03-12-2024 15:59
Travel Advice of the Ministry of Foreign Affairs for Syria
The Ministry of Foreign Affairs of the Republic of Cyprus is closely monitoring the worsening situation in Syria, and notes that the security situation in the country can deteriorate further without warning.The Ministry of Foreign Affairs of the Republic of Cyprus continues to advise Cypriot nationals to avoid all travel to Syria and, those who wish to depart from the country are strongly encouraged to leave through Lebanon where they can take advantage of available commercial flights. Furth...
03-12-2024 14:08
Results of the Survey on The Usage of Information and Communication Technologies (ICT) And E-Commerce in Enterprises 2024
Remote Working-Use of Portable Devices, Remote Access and Meetings Over the Internet During 2024, 84,1% of enterprises with 10 or more persons employed, provided their employees portable devices that allow a mobile connection to the internet using mobile telephone networks. The subscription and usage costs of these devices are being paid either in full or at least up to a limit by the enterprise. (Figure 1)88,1% of all enterprises provide remote access to their e-mail system, 71,7% to the e...
02-12-2024 15:25
Turnover Index of Retail Trade Except of Motor Vehicles: October 2024
Annual Change +4,7% in Value and +4,6% in VolumeThe Turnover Value Index of Retail Trade for October 2024 increased by 4,7% compared to the corresponding month of the previous year (Table 1). For the same month, the Turnover Volume Index of Retail Trade increased by 4,6% compared to the corresponding month of the previous year (Table 2). For the period January-October 2024, the Value Index is estimated to have recorded an increase of 5,2% and the Volume Index an increase of 4,1% compared to ...
02-12-2024 15:10
Labour Force Survey (LFS): 3rd quarter 2024
Unemployment 4,5%According to the results of the Labour Force Survey, the labour force in the 3rd quarter of 2024 amounted to 516.127 persons or 65,7% of the population (males 71,0%, females 60,7%) in comparison to 511.596 persons (65,7%) in the corresponding quarter of 2023 (Table 1).The number of employed persons was 493.054 and the employment rate 62,7% (males 68,0%, females 57,8%) in comparison to 483.317 persons (62,1%) in the corresponding quarter of 2023. The number of unemployed per...
02-12-2024 14:47
Quarterly National Accounts: 3rd Quarter 2024
Growth Rate 3,9%The GDP growth rate in real terms during the third quarter of 2024 is positive and it is estimated at 3,9% over the corresponding quarter of 2023. Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at 3,8%. Regarding the production approach for the estimation of GDP, the positive growth rate is mainly attributed to the sectors: “Hotels and Restaurants”, “Construction”, “Information and Communication”, “Wholesale and Retail Trade, R...
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