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Cyprus aims to exit recession in 2015

Cyprus aims to exit recession in 2015

Cyprus is determined to beat estimates and exit the bailout programme ahead of schedule and return to growth by the… Read More

Recent Articles

22 October 2014

German speaking markets priority for 2015 tourism

German speaking markets are being targeted by tourism stakeholders as a priority with the aim of boosting arrivals to Paphos, regional tourism board officials said recently. Read More

22 October 2014

Russian embargo cost Cyprus economy €13m

Minister of Agriculture, Natural Resources and the Environment Nicos Kouyialis has said that the Russian embargo on EU products has cost the Cyprus economy so far €13 million. Read More

22 October 2014

Public debt and fiscal deficit drop in 2013 in Cyprus

Public debt decelerated and fiscal deficit fell in 2013 in Cyprus, data released by Eurostat recently show. Read More

22 October 2014

Bank of Cyprus reduces dependence on ELA

The Bank of Cyprus reduced in September 2014 its dependence on the Emergency Liquidity Assistance (ELA) by €1b, dropping to €7,68b from €8,68b in August. Read More

22 October 2014

Co-op selling off Paphos property

The co-op movement is looking for a buyer for a piece of property in Paphos worth at least €2.9 million which was repossessed after the owner was unable to service his… Read More

22 October 2014

New tourism routes in Cyprus mountains

The Cyprus Tourism Organisation (CTO) recently inaugurated its second cycling path and its 7th wine route in Cyprus' mountains. Read More

22 October 2014

Banks will soon start lending says Central Bank Governor

Banks will start lending after the Europe-wide stress tests, Central Bank (CBC) Governor Chrystalla Georghadji said recently, suggesting that the results were expected to be manageable. Read More

22 October 2014

Energy officials visit ENI/KOGAS drillship

Energy Minister Giorgos Lakkotrypis said recently the best answer to the Turkish provocations in the island’s EEZ was “business as usual”. Read More

20 October 2014

Cyprus monitors movements of Turkish seismic vessel

Cyprus' security authorities are monitoring the movements of the Turkish Barbaros, a seismic Turkish frigate, which violated the Exclusive Economic Zone (EEZ) and are ready to face any eventuality, sources… Read More

20 October 2014

Decision on foreclosures bill expected end of October 2014

The Supreme Court decision concerning four foreclosures-related bills referred by the president will be issued at the end of the month, it was announced recently. Read More

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