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Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength and its importance to the island’s economic performance.
The presence of American multinational energy corporation Chevron in Cyprus’ maritime exclusive economic zone (EEZ) constitutes a “vote of confidence” in the energy potential of both Cyprus and Europe, President Nikos Christodoulides said on Monday.
Cyprus stepped onto one of the world’s largest maritime stages this month, making its debut with a national pavilion at MARINTEC China 2025, as the government stepped up efforts to promote the country’s shipping and maritime technology sector internationally.
Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis. Tannousis addressed an i ...
The European Commission’s spring forecast confirms that Cyprus economic adjustment is on the right track and that the island will exit recession in 2015.
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Preparations for the implementation of the Minimum Guaranteed Income (MGI) scheme continue as planned and will be ready for initial deployment on July 1, 2014, assures the Labour Minister.
President Anastasiades is on a four-day state visit to Berlin, where he will meet with German Chancellor Merkel to discuss the economy, the Cyprus issue and energy.
Income from tourism has started to move upwards with official data recently showing that tourist spending in February 2014 increased 10.5% on the same month last year.
Cyprus abolishes restrictions on cashing cheques as it lifts the last main domestic capital controls imposed in March 2013 to avoid a run on banks during bailout negotiations.
Cyprus Airways recently announced they assumed the line maintenance support of the A320 passenger jets of Qatar Airways, which commenced scheduled flights to Larnaca Airport.
Supporting entrepreneurship is the key for the economy to return to growth and development, says Energy Minister Yiorgos Lakkotrypis.
Recession in 2014 is forecasted to be moderate compared to 2013, according to the Economic Research Center of the University of Cyprus.
The Minister of Communications and Works says that a strategic study on the use of Cyprus' ports by oil & gas companies drilling for natural gas within the country's Exclusive Economic Zone is underway.
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