The economic sentiment in Cyprus deteriorated in August to a 17-month low, as the Economic Sentiment Indicator (ESI-CypERC) decreased by 4.5 points compared with July 2022. The decrease in the ESI-CypERC was due to weaker business confidence in services and, to a lesser degree, lower economic confidence in construction and among consumers.

Residential property in Cyprus continues to be in high demand despite the prevailing uncertainty worldwide along with rising inflation that has made it hard for households to make ends meet.

The Auditor General has called on tax officials to do all they can to collect overdue taxes, reaching a whopping €2 billion, following the report on the Tax Department.

Leptos Venus Gardens is a unique modern Resort positioned on a hilltop location in Chloraka, just a short walk from the Paphos coastline. Being a gated Resort, it guarantees a sense of security to its residents, but also a community atmosphere. Architecturally designed by Leptos Estates, the properties of Leptos Venus Gardens blend-in seamlessly with the surroundings due to their relaxing contemporary design with distinct Mediterranean features

The online booking of hotel rooms has shown little change since 2016, a European Commission study into six member states, including Cyprus has shown.

Discussions will be held with the EU to include Cyprus in plans for the bloc’s energy independence following the invasion of Ukraine, President Nicos Anastasiades said on Sunday.

67% of Cyprus businesses, and 55% across Europe, had achieved an elementary level use of digital technology in 2021, a Eurostat report shows.

The traditional village of Choulou in Paphos is set for significant renovation and beautification works to maintain and showcase its history – most notably the mediaeval fountain.

Cyprus will be in a position to export natural gas in the next four to five years, said the island’s Energy Minister Natasa Pilides in an interview with a Greek newspaper on Sunday.

Tourism revenue reached €835.7 million in the first half of 2022, showing a large increase compared to the corresponding period of 2021, while in relation to the first half of 2019, the record year for Cypriot tourism, there is a decrease of 16.7%.