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22-06-2018 12:30
10,7% the unemployment rate in the first quarter of 2018, according to the Labour Force Survey
According to the results of the Labour Force Survey, the labour force in the first quarter of 2018 amounted to 432.566 persons or 62,0% of the population (males 66,5%, females 57,7%) in comparison to 423.799 persons (61,5%) in the corresponding quarter of 2017 (Table 1).The number of employed persons was 386.098 and the employment rate 55,3% (males 59,6%, females 51,3%) in comparison to 366.461 persons (53,2%) in the corresponding quarter of 2017.The number of unemployed persons amounted to...
21-06-2018 13:48
The President of the Republic attended a luncheon hosted by the EU Bulgarian Presidency
The President of the Republic, Mr Nicos Anastasiades, attended today a luncheon hosted by the Bulgarian Presidency of the Council of the EU.Speaking at the event, President Anastasiades congratulated Bulgaria for a successful, results-oriented Presidency, noting that the Bulgarian Presidency advanced its priorities on Youth, the Future of Europe and Digital Economy.President Anastasiades said also, among other things, that “we are determined to continue contributing to the promotion of regi...
21-06-2018 12:24
Foreign trade statistics for January – March 2018
The Statistical Service of Cyprus announces that it has published the monthly electronic publication “Intra-Extra EU Trade Statistics (by commodity and country)” for January – March 2018. The publication includes detailed quantity and value data on imports and exports of domestically produced goods and foreign goods, classified by the 6th digit commodity code and by partner country.The main developments in Cyprus foreign trade were:(a) Total imports in January – March 2018 amounted to €1.9...
20-06-2018 14:33
Convention between Cyprus and Kazakhstan for the Avoidance of Double Taxation and the Prevention of Tax Evasion on Income Taxes
On May 30th 2018, the successful final round of negotiation within the conclusion of the negotiation of the Convention for the Avoidance of Double Taxation and the Prevention of Tax Evasion on Income Taxes between the Republic of Cyprus and the Republic of Kazakhstan, took place. The agreed text was the result of intensive negotiations lasted one year.The agreement aims to avoid double taxation of both states’ residents, through comparable privileged provisions. The agreed text has been the ...
19-06-2018 21:36
Address by the President of the Republic, Mr Nicos Anastasiades, at the Cyprus International Investment Awards
It is a great pleasure to welcome you at Hilton Park in the framework of the 7th Cyprus International Investment Awards event.An event through which on the one hand we award extroversion, entrepreneurship and innovation as key tools for revitalizing economic growth, and on the other hand we are offered with the opportunity to express our deepest appreciation to all of you, the foreign investors who have brought added value to the Cyprus economy and have helped the country excel as an interna...
18-06-2018 18:46
The Minister of Agriculture, Rural Development and Environment, Mr Costas Kadis, participated in the Agriculture and Fisheries Council of the EU
The problems of Cyprus agriculture sector caused by the water scarcity were raised by the Minister of Agriculture, Rural Development and Environment, Mr Costas Kadis, at the EU Agriculture and Fisheries Council that took place in Luxembourg on June 18, 2018. Minister Kadis by presenting concrete evidence demonstrated the serious problems caused in agriculture in Cyprus and requested support by the EU counterparts and the European Commission in order for solutions and means of support for farm...
18-06-2018 13:57
The President of the Republic received the Governor of the Development Bank of the Council of Europe
The President of the Republic received today, at the Presidential Palace, the Governor of the Council of Europe Development Bank Mr Rolf Wenzel, in the presence of the Minister of Finance Mr Harris Georgiades.After the meeting Mr Wenzel told reporters, among other things, that he informed the President of the Republic about the ongoing support of the Bank to the economy of Cyprus, adding that “we are ready to do more in the coming weeks and months.”He said that the President of the Republic...
18-06-2018 13:14
Annual Survey on Education, 2015/2016
Based on the results of the Annual Survey on Education for the school year 2015/2016, the total number of pupils and students at all educational levels was 181.537 recording a minor increase (1,9%) compared, to the school year 2014/2015 where the total number of pupils and students was 178.116. The total number of educational establishments also increased to 1.322 in the school year 2015/2016, compared to 1.311 in the previous school year. Finally, during 2015/2016 the total number of teacher...
18-06-2018 12:35
Tourist Arrivals: May 2018
Tourist arrivals +7,6% On the basis of the results of the Passengers Survey, arrivals of tourists reached 450.495 in May 2018 compared to 418.732 in May 2017, recording an increase of 7,6%. May 2018 had the highest volume of tourist arrivals ever recorded in Cyprus during the specific month.For the period of January – May 2018 arrivals of tourists totaled 1.134.076 compared to 990.756 in the corresponding period of 2017, recording an increase of 14,5% and outnumbering the total arrivals eve...
15-06-2018 14:09
Harmonized Index of Consumer Prices (HICP): May 2018
The Harmonized Price Index for May 2018 increased by 1,0% when compared to May 2017, while compared to April of 2018 increased by 1,4%. For the period January-May 2018 the HICP recorded a decrease of 0,3% compared to the corresponding period of the previous year. (Table 1)Note: The HICP in Euro area for the last month is based on EUROSTAT estimation (flash estimate).Compared to May 2017, the largest change was noted in Transport (3,4%). (Table 1)In comparison to HICP of April 2018, the l...
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