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Fitch puts long-term credit rating at B+

Fitch puts long-term credit rating at B+

Fitch Ratings has affirmed Cyprus’ long-term credit rating at B+ with a positive outlook, even as risks continue to weigh… Read More

Recent Articles

03 May 2016

Cyprus’ ongoing efforts to reduce carbon emissions

Local authorities in Cyprus are increasing their efforts for carbon emissions reduction and energy transition based on new European programmes, the results of which were presented and discussed among other… Read More

03 May 2016

Turnover of retail trade up in Jan/Feb 2016

The turnover of retail trade increased in the first two months of 2016, the Statistical Service announced recently. Read More

03 May 2016

Cyprus’ unemployment down to 12.1% in March 2016

Unemployment in Cyprus decreased to 12.1% in March 2016, the largest decrease in any EU member state on an annual basis (from 16.2%), according to Eurostat. Read More

03 May 2016

Revenues from ship management reach €462m in H2 2015

Revenues from the Cypriot ship management industry in the second half of 2015 amounted to €462 million, marking a marginal decline of €2 million or 0.43%, compared with €464 in the first half of the… Read More

28 April 2016

Cyprus banks’ deposits at €45.7b in March 2016

Deposits in the Cypriot banking system in March 2016 reached €45.7 billion recording a net outflow of €95.5 million, figures released recently by the Central Bank of Cyprus show. Read More

28 April 2016

Strategic importance of Cyprus-Russia relations

Relations between Cyprus and Russia remain of strategic importance, Minister of Finance Harris Georgiades said, addressing the business forum 'Russia and Cyprus: lessons from the crisis and prospects for cooperation'… Read More

28 April 2016

Six year retail bond tops €17.5mln

The Public Debt Management Office at the Ministry of Finance announced that the fifth series of the 6-year retail bonds (May 2016) attracted a total of €17,457,800, far above the monthly target… Read More

27 April 2016

Cypriot participation in Limassol’s privatised port

The privatisation of the Limassol port is a major new step for the government, whose potential positive results remain to be seen in the coming years. Read More

27 April 2016

Energy sector changing Cyprus

President Nicos Anastasiades said recently that amid rapid changes both in the social and the economic fields, the energy sector in Cyprus is fundamentally changing with regard to its structure,… Read More

27 April 2016

Cyprus-Russia talk cooperation

Finance Minister Harris Georgiades heads a delegation, taking part in the 9th Summit of the Cyprus-Russian Intergovernmental Committee on Economic Cooperation. Read More

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