Cyprus recorded annual deflation of 0.5% in November 2019, while for the first 11 months of the year inflation of 0.2% was recorded.

As construction on the new Metropolis Mall in Larnaca, near the general hospital, is moving ahead at a rapid pace, retailers are moving in to grab the best store locations in the first shopping mall for the wider region.

New Finance Minister Constantinos Petrides warned against complacency on Friday, as the effort to bolster the Cypriot economy has not finished yet and more reforms were needed.

The House plenum amended the constitution on Friday restricting the terms in office of the president to two and reducing the age limit for deputies’ candidacies to 21.

Agriculture Minister Costas Kadis on Saturday attended the sinking of ‘Elpida’ boat off Larnaca, a move aimed at creating protected areas of artificial reefs around the island.

News that the Breast Centre of Cyprus joined Gesy last month has bolstered the government’s breast cancer screening procedures and should help ensure what was in the past sometimes a haphazard programme is more comprehensive.

There are plans for another large development project in Limassol.

Even though the year’s first 11 months recorded a 12% increase in Cyprus property sale contracts, purchases over the last six months have been relatively modest, according to latest data released by the Department of Lands and Surveys.

Seasonally adjusted GDP rose by 0.2% in the euro area (EA19) and by 0.3% in the EU28 during the third quarter of 2019, compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union.

Cyprus banks are keeping a tight lid on loans given out to consumers and businesses as credit expansion in 2019 is restricted to a single figure percentage, despite the high liquidity in their coffers.