Cyprus maintains a very low VAT rate and lower consumption taxes on fuel compared to Germany and other EU countries, Minister of Finance Constantinos Petrides notes in a written statement.In his...
Despite high temperatures, ongoing electricity demand remains lower than the one observed last summer, the grid's capacity is, however, expected to increase next week, to be able to respond to higher...
22/07/2022
The government took a series of decisions aiming at breaking Cyprus’ reliance on fossil fuels.President of the Republic Nicos Anastasiades discussed the issue of the rising energy prices with the...
04/07/2022
Increases in fuel prices are taking place almost on a weekly basis, according to gas station owners. Since the beginning of the year, the price of diesel has increased by about 50 cents and the price...
03/06/2022
The Index of Industrial Output Prices for April 2022 reached 123.8 units (base 2015=100), recording an increase of 19.5% compared to the corresponding month of the previous year, according to data...
31/05/2022
In April 2022, total sales of petroleum products reached 112,803 tons, an increase of 17.5% compared to April 2021, according to data provided by the Cyprus Statistical Service.According to the...
30/05/2022
The Turnover Value Index of Retail Trade for March 2022 increased by 7.7% compared to the corresponding month of the previous year. For the same month, the Turnover Volume Index of Retail Trade...
03/05/2022
Household electricity bills were up by 36% in Cyprus in the second half of 2021 compared with the same period of 2020, data released by Eurostat, the statistical office of the EU, on Friday, show....
02/05/2022
The Government has taken measures to address the issue of increased prices and remains vigilant to take any other steps necessary, President of the Republic Nicos Anastasiades said Friday, noting...
04/04/2022
The Cyprus Economic Sentiment Indicator (ESI-CypERC) recorded a steep drop in March affected by weaker confidence in light of the war in Ukraine.The (ESI-CypERC) compiled by the University of Cyprus...
30/03/2022