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The Deputy Ministry of Tourism recently launched a public consultation on Cyprus’ National Strategy for the Development of Diving Tourism, inviting stakeholders and the public to submit feedback before the strategy is finalised.
The Bank of Cyprus is expected to deliver another strong quarter, with analysts forecasting robust profitability and the potential for generous shareholder distributions, as Greek and Cypriot banks continue to benefit from credit expansion, resilient interest income and rising fee revenue.
Aircraft maintenance firm Bird Aviation announced on Wednesday that it has signed a long-term agreement with low-cost airline easyJet to provide scheduled aircraft maintenance services at its facilities in Larnaca, strengthening Cyprus’ position as a regional aviation maintenance hub.
Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength a ...
Cyprus still has a window to materialise plans for a land-based liquefied natural gas (LNG) plant, after an energy major identified the island as a possible destination for gas exports from Israel’s massive Leviathan field.
Tourist arrivals in January dropped by 3.8%, compared to the corresponding month in 2013.
The number of building permits in 2013 recorded a significant drop by 25% compared to 2012, according to recent data released by the Statistical Services.
Cyprus inflation for January 2014, as measured by the Harmonized Index of Consumer Prices (HICP) decreased at a rate of 1.6% according to data released recently by the Statistical Service.
The government will revise its privatisation plans if the cash it needed to raise magically appeared, Finance Minister Harris Georgiades tells lawmakers, but it will not back down on its decision to denationalise certain organisations.
Energy Minister Giorgos Lakkotrypis says Cyprus is going ahead with its plans to build an LNG terminal and that Noble Energy’s talks in Turkey with major energy firms did not affect those plans.
Danish Prime Minister Helle Thorning-Schmidt recently congratulated President Nicos Anastasiades on his personal efforts to “make this change” and end the island’s long-standing division.
New hospital fees introduced last August brought in about €12m to state coffers in the first five months of the plan, which could expedite plans for a much-delayed National Health Scheme.
A substantial leisure project with a hefty price tag of around €7 billion is being proposed for Yeroskipou in Paphos by a conglomerate of foreign investors.
Cyprus is on the road to a new economic miracle, says President Nicos Anastasiades, praising Cypriot export firms for contributing crucial liquidity to the economy.
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