Press Releases

04-06-2024 10:22

Announcement by the Deputy Ministry of Research, Innovation and Digital Policy: Cyprus is the fastest growing startup ecosystem – in the top 50 countries globally

In the Startup Blink Global Startup Ecosystem Index 2024, Cyprus is one of the biggest winners. The country has achieved the largest jump in the global top 60 this year, climbing nine spots to 45th, the first time it is featured in the top 50 globally.Lemesos, Lefkosia, Larnaka and Pafos all feature in the global top 1,000 cities with substantial improvements in their rankings.Mr Eli David Rokah, the CEO of Startup Blink, congratulated Cyprus for its innovative policies that are incentivisi...

03-06-2024 16:06

2024 International Festival of Ancient Greek Drama: Program announcement

Four productions will be presented in this year’s “International Festival of Ancient Greek Drama”, co-organised by the Deputy Ministry of Culture, the Cyprus Centre of the International Theatre Institute and the Deputy Ministry of Tourism.The 27th edition of the “International Festival of Ancient Greek Drama” will take place from July 19 to August 10, 2024, at the Ancient Odeon in Pafos, at Makarios III Amphitheatre in Lefkosia and at Curium Ancient Theatre in Lemesos, hosting performances w...

03-06-2024 13:44

Turnover Index of Retail Trade Except of Motor Vehicles: April 2024

Annual Change +6,5% in Value and +5,3% in Volume The Turnover Value Index of Retail Trade for April 2024 increased by 6,5% compared to the corresponding month of the previous year (Table 1). For the same month, the Turnover Volume Index of Retail Trade increased by 5,3% compared to the corresponding month of the previous year (Table 2).For the period January-April 2024, the Value Index is estimated to have recorded an increase of 5,7% and the Volume Index an increase of 5,0% compared to the...

03-06-2024 13:08

Quarterly National Accounts: 1st Quarter 2024

Growth Rate 3,5% The GDP growth rate in real terms during the first quarter of 2024 is positive and it is estimated at 3,5% over the corresponding quarter of 2023. Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at 3,4%. 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 R...

03-06-2024 11:59

Address by the Minister of Education, Sport and Youth Dr Athena Michaelidou at the Crisis Management in Schools Training organised by the Educational Psychology Service

I would like to welcome all of you to this educational event on crisis management in schools, offered by the National Association of School Psychologists. I am confident that this workshop on the PREPaRE model, an evidenced-based school crisis prevention and intervention curriculum, will assist school psychologists and schools, in effectively preparing for and responding to emergencies.It is with great pleasure that I also welcome our distinguished guests, developers and core trainers of the...

03-06-2024 11:49

The Minister of Foreign Affairs of the Republic of Cyprus pays working visit to the Arab Republic of Egypt

The Minister of Foreign Affairs of the Republic of Cyprus, Mr Constantinos Kombos, is travelling today to the Arab Republic of Egypt for a working visit that will take place on 4 and 5 June 2024.During his stay in Cairo, Minister Kombos will meet tomorrow, Tuesday 4 June 2024, with the Minister of Foreign Affairs of the Arab Republic of Egypt, Mr Sameh Shoukry. The two Ministers will hold a tête-à-tête meeting, followed by consultations in an extended format, with the participation of delega...

03-06-2024 10:20

Address by the Attorney-General of the Republic, Mr George L. Savvides, at the international conference on “Militant Democracy and Constitutionalism: Do procedural aspects of democracy affect its substance?”

It is with great pleasure that I have accepted the kind invitation to participate in today’s Conference. Allow me to begin by welcoming all of you in Cyprus and by congratulating the organisers for putting together such an impressive programme on a subject that is of particular interest. What makes this occasion even more noteworthy, is that the Conference takes place in honour of a very distinguished predecessor of mine, the late Alecos Markides, who dedicated his life in serving democracy a...

31-05-2024 16:25

Index of Industrial Output Prices: April 2024

Annual Change -3,8%The Index of Industrial Output Prices for April 2024 reached 121,6 units (base 2021=100), recording an increase of 0,1% compared to March 2024. Compared to the corresponding month of the previous year, the index recorded a decrease of 3,8%. For the period January-April 2024, the index showed a decrease of 3,6% compared to the corresponding period of 2023. In April 2024 compared to March 2024, the index remained stable in the sectors of mining and quarrying and electricit...

31-05-2024 15:23

Fiscal Accounts of General Government: January-April 2024

Surplus €665,2 mnThe preliminary General Government fiscal results, which are prepared by the Statistical Service of Cyprus (CYSTAT) indicate a surplus of €665,2 mn (2,1% of GDP) for the period of January-April 2024, as compared to a surplus of €391,0 mn (1,3% of GDP) that was recorded during the period of January-April 2023.RevenueDuring the period of January-April 2024, total revenue increased by €650,3 mn (+17,3%) and amounted to €4.415,1 mn, compared to €3.764,8 mn in the correspondin...

31-05-2024 12:57

Opening address by the Deputy Minister of Research, Innovation and Digital Policy, Dr Nicodemos Damianou, at the Conference: New Technologies in the World of Communication

It was estimated that 20 minutes in the Metaverse – imagine yourself wearing your VR headset navigating a virtual world as your avatar – generates two million data points. And assume that you purchased a ticket in the form of an NFT using your crypto wallet from your favourite crypto/NFT marketplace, and you are in the Metaverse, watching the virtual concert of Ariana Grande. Who is the data controller in that case – and hence the entity responsible for compliance with privacy laws? The Metav...

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