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Eurogroup declares Cyprus a success story

A Eurogroup meeting recently declared Cyprus a success story, praising the conclusion of its seventh review of the economic adjustment… Read More

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12 February 2016

Limassol Port commercialisation enters final phase

The Transport Ministry is expected to select the preferred bidders for the Limassol Port commercialisation before the end of February 2016, Minister of Transport, Communications and Works Marios Demetriades has said. Read More

12 February 2016

BoC voted best for private banking in Cyprus

Bank of Cyprus has again been awarded Best Private Banking in Cyprus by the internationally renowned journal Euromoney, according to a press release issue by BoC. Read More

12 February 2016

Government 2015 budget balance records 0.5% deficit

General Government budget balance registered a deficit of €82,5 million (0.5% of GDP) in 2015, compared to a deficit of €43m (0.2% of GDP) in 2014, an announcement from the Public Debt Management Office said. Read More

12 February 2016

House approves bills regulating deposit guarantees

The House recently passed two of six bills regulating the failure of banks and investment firms. Read More

12 February 2016

Cyprus Country Report 2016

The Cyprus Country Report, published by CountryProfiler, includes in-depth interviews, detailed sector profiles and cutting-edge insights from Cyprus’ 100 most influential political, economic and business leaders who are shaping the future… Read More

11 February 2016

Energy a sector of priority for Cyprus

The energy sector is a priority for Cyprus, Minister of Transport Marios Demetriades has said. Read More

11 February 2016

Cyprus continues tax modernisation

Cyprus is about to exit its economic adjustment programme and is standing again on its own feet, having regained its credibility as a country and as an economy, Finance Minister… Read More

10 February 2016

‘Plenty of room at Limassol port’ energy giants told

The government has tried to convince energy giant Total to relocate their logistics base from Larnaca port to Limassol, after Larnaca’s municipal council voted against granting a six-month extension… Read More

10 February 2016

Cyprus renewables share rises to 9%

The share of renewables in energy consumption for Cyprus rose to 9% in 2014 from 8.1% in 2013 and just 3.1% in 2004, but it still well below the EU average of 16%. Read More

09 February 2016

Promoting Paphos in Israel

The Paphos regional board of tourism is pushing for direct flights connecting the town with Israel as part of a wider plan to increase overseas visitor numbers to the popular… Read More

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