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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

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

20 October 2014

Tourist arrivals up 2.8% in 2014

In January to September 2014, tourist arrivals rose 2.8% to 2,051,483 compared to the respective period last year, Cystat said recently. Read More

19 October 2014

Farming could be profitable if it adapts to new technologies

Agriculture, farming and fisheries could become profitable and sustainable employment sectors, but need to adapt to new technologies to address high production cost, the water shortage and the domestic market,… Read More

19 October 2014

Hellenic to seek more capital from shareholders

Hellenic Bank, one of four Cyprus systemic banks participating in the European Central Bank’s asset quality review this month, will examine a possible increase in capital on October 25 and 26, 2014,… Read More

19 October 2014

More bonds to be sold by end of 2014 to exit bailout terms

Despite the ongoing dip in Greek bonds, President Nicos Anastasiades told business news site Bloomberg that Cyprus plans to issue sovereign debt before the year-end as part of a strategy… Read More

19 October 2014

President holds contacts in Milan’

President Anastasiades met a host of foreign leaders on the sidelines of the Asia-Europe Meeting (ASEM) in Milan, briefing them on progress in the Cyprus peace talks as well as… Read More

19 October 2014

Co-ops show €85.6m profit for first six months of 2014

The Co-operative Central Bank said recently it had made a net profit of €85.6m in the first half of the year. Read More

19 October 2014

ENI and KOGAS sign agreement to strengthen cooperation on upstream and LNG activities

ENI company, currently prospecting for natural gas in Cyprus waters, signed recently a cooperation agreement with Korea Gas Corporation (KOGAS) to further strengthen their relationship in a number of areas,… Read More

19 October 2014

University of Cyprus sees easing of recession in H2 of 2014

As a result GDP for 2014 is expected to contract by 2.4%, according to the Economic Research Centre (ERC) of the University of Cyprus. Read More

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