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export commerce

Celebrating Cypriot Commerce: Applications Open for Prestigious Exports Award

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The prestigious Cyprus Exports Award by the Cyprus Chamber of Commerce and Industry celebrates the innovation and quality of Cypriot businesses in the global market, with applications closing on May 31, 2024. This accolade, established in 1982, honors excellence in export across diverse sectors, showcasing the tenacity and prowess of Cypriot economic players on the international stage.

trade deficit import reduction

Cyprus Experiences Shrinkage in Trade Deficit for January 2024

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In January 2024, Cyprus witnessed a remarkable decrease in its trade deficit to €566.5 million, a significant drop from the €1.419.9 million recorded in January 2023. This positive change was primarily fueled by a notable 51.1% decline in imports, hinting at a promising shift towards economic stability for the country.

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