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The Cyprus government recorded a fiscal surplus of €918.7 million in 2023, constituting 3.1 per cent of the Gross Domestic Product (GDP), with government debt reaching €23.03 billion, accounting for 77.3 per cent of GDP, according to a report by the state’s statistical service.
The Finance Ministry, in collaboration with SIX, a financial market infrastructure company, and the Cyprus Stock Exchange (CSE), on Thursday announced the successful activation, referred to as going live, of the dual-listing of Euro Medium Term Notes (EMTN) of the Republic of Cyprus at the Cyprus Stock Exchange.
Deputy Minister of Tourism Kostas Koumis and Ambassador Khaled Yusuf Ahmed Al Jalahma from the Kingdom of Bahrain, who is based in Tel Aviv, held a meeting on in Nicosia, according to an announcement released by the Cypriot tourism ministry.
Cyprus ranks fifth among EU countries in the progress achieved regarding research and innovation, Theodoros Loukaidis, Director General of the Res ...
Members of parliament are contemplating passing a bill whereby a first home would be exempt from foreclosure by banks, despite lenders' attempts to reign in non-performing loans.
October recorded a 16.6% increase in revenue from tourism, an encouraging development according to the Cyprus Tourism Organisation.
Fitch Ratings says it is maintaining Bank of Cyprus covered bonds - rated 'B' - on Rating Watch Negative (RWN).
There has been a notable rise in applications for residency and citizenship in Cyprus filed by third country nationals, in response to amendments in legislation.
The 26 international banks operating in Cyprus are showing their trust in the country and have regained the losses they made following the Eurogroup decision earlier this year.
Parliament has passed into law a raft of measures that are a condition for the release of the next tranche of bailout aid to Cyprus, including the contentious exemption of Central Bank employees from public-sector pay cuts and a freeze on promotions and new hiring.
Cyprus shipping remains strong, despite the shock caused to the country’s economy by the financial crisis, says Communications and Works Minister.
Cyprus slipped into deep deflation in November with the rate of inflation receding to -2.1% on an annual basis, the highest deflation rate for 2013, according to recently released figures by Cyprus' Statistical Service.
The President assures foreign investors that Cyprus remains an attractive investment destination and a competitive center for international business.
The Cabinet has approved the launch of a second tender for interim supplies of natural gas for the purpose of domestic electricity generation.
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