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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 ...
Ministers of Education, Health and Defence say they have suspended their active membership in the DIKO party over differences with the leadership.
The new cabinet expected to be appointed soon will be making important decisions as regards plans for a future LNG plant says Energy Minister Yiorgos Lakkotrypis.
President Anastasiades will visit Berlin in May where he will have substantial talks with German Chancellor Angela Merkel.
The dependence of the Cypriot banking system on the Emergency Liquidity Assistance remained unchanged in January at €9.55 bln, with a marginal decrease of €90,000 since December 2013.
Cyprus tourism and business sectors hold up reasonably well despite overextended banks and hurting economy.
A permanent 8% reduction on the basic tariffs of electricity has been announced by the Cyprus Energy Regulator CERA.
Indian High Commissioner Ravi Bangar has expressed interest in the privatisations process at a meeting with the Minister of Communications.
Job prospects in the air transport industry are said to be positive, as according to experts, air traffic in Europe will increase by 5% in the next decade, a significant development for Cyprus.
Fitch Ratings has affirmed Bank of Cyprus (BoC) and Hellenic Bank (HB) Long-Term Issuer Default Rating (IDR) at ‘Restricted Default’ but has also upgraded their viability ratings to ‘cc’ and ‘ccc’ respectively from ‘f’.
Cyprus could return to the markets earlier than originally thought, according to the Finance Minister who said it was a fully feasible objective given the way things were progressing.
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