The economic sentiment in Cyprus declined in December due to weaker business confidence in services and industry.

Household loan costs appear to be slightly higher even though it is still at historically low levels, according to Central Bank of Cyprus data released on Tuesday.

Hellenic Bank is to start charging corporate customers interest on their deposits as of March 3, it has emerged.

There could be developments soon regarding visa waivers for Cypriots travelling to the US, Foreign Minister Nicos Christodoulides said on Tuesday.

Former Finance Minister Harris Georgiades has been named deputy chairman of the ruling Disy party by default, after no one else applied for the job, while a ballot will be held in early February to fill the two vacated positions of party vice-chairman.

While 54% of consumers say the internet is integral to their social lives, nearly half (45%) actively seek time away from their smartphone and other internet-enabled devices — rising to 53% among consumers aged 25-34. This is according to a global EY study, Decoding the digital home, which evaluates consumer attitudes to a range of technology, media and entertainment, and telecommunications (TMT) services within the home across four markets — France, the Netherlands, the UK and the US.

In November 2019, compared with the previous month, industrial producer prices rose by 0.2% in the euro area (EA19), by 0.1% in the EU28 and decreased by -0.3% in Cyprus according to estimates from Eurostat, the statistical office of the European Union.

Cyprus will send a proposal for the exploitation of the Aphrodite natural gas field in the coming weeks to Israel, government spokesman Kyriacos Koushios said on Saturday.

The Cyprus state will pay over €0.5 billion in redundancies by end of 2020, according to figures obtained by Phileleftheros.

An estimated 3.5% increase in turnover of trade last year has put a smile on Cyprus retailers as they look forward to 2020 with optimism.