Cyprus inflation up by 2.1 per cent in April
The harmonized inflation rate in Cyprus increased by 2.1 per cent in April 2024 compared to the same period the previous year.
The harmonized inflation rate in Cyprus increased by 2.1 per cent in April 2024 compared to the same period the previous year.
Tourist arrivals to Cyprus in April 2024 amounted to 333,563, marking a decline of 2.7 per cent from the previous year.
Fact: Tourist arrivals for the first four months of 2024 in Cyprus indicate an increase of 1.7% compared to the same period in the previous year, totaling 748,814 arrivals.
The Bank of Cyprus released its financial results for the first quarter of 2024, reporting a profit after tax of €133 million.
The Cyprus Symphony Orchestra has exciting concerts lined up for the final two months of their artistic season. The orchestra’s concerts in April 2024 were sold out, and they are now preparing for their May and June concerts before a brief summer break.
Fact: Employment in the Cypriot government has seen a rise of 5.2% from January to April 2024 compared to the same period in 2023, totaling 2,697 individuals.
Cyprus’ real estate market experienced a notable resurgence in April, with sales reaching 5,000 across the island. Property sales in Limassol increased by 3% in April 2024 compared to the previous year, while Nicosia and Larnaca saw significant growth with sales increasing by 43% and 44% respectively. Conversely, property sales in Paphos declined by 13% in April 2024 compared to the previous year.
The number of registered unemployed decreased by 10,880 individuals in April 2024, dropping by 17.2% compared to the previous year. This marks the lowest number of registered unemployed since June 2021.