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Invest Cyprus chairman Evgenios Evgeniou addressed foreign investors at the 13th Invest Cyprus International Investment Awards in Nicosia on Wednesday, reaffirming the organisation’s commitment to working with the international investment community to build a more diversified and innovative Cyprus.
Chief Scientist Demetris Skourides recently completed a high-level business visit to the United Arab Emirates, according to an announcement just released.
Property sales in Cyprus recorded an annual increase of 17 per cent in June, driven by a 44 per cent surge in Larnaca, while Nicosia posted the smallest gain at just 2 per cent, according to data released by the land registry.
Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis. Tannousis addressed an i ...
Cyprus recorded one of the highest year-on-year unemployment increases in September, reaching 17.1% or 76,000 people, says the European statistical service Eurostat
The Cyprus cabinet has approved a bill to define the criminal responsibility for the way government ministers act or fail to act during terms in office.
For decades, Cyprus has been successful at attracting investors and with the tough economic climate of today, both the need and opportunities for foreign direct investment are ever increasing.
Inspectors from the troika of international lenders – European Commission, European Central Bank, International Monetary Fund – focused mainly on the banking sector during the third day of their Cyprus review mission.
Confidence could be restored by removing capital controls, guaranteeing all domestic deposits with EU backing and adopting a national financial services strategy.
International businesses are still using Cyprus as their base, despite the tough terms of the bailout which imposed a haircut on uninsured deposits to recapitalise the island’s largest banks.
Bank of Cyprus shares will remain suspended until January 31, according to the island’s stock exchange, after its shareholder structure was revamped by imposing losses on depositors.
The trade deficit has dropped thanks to a decrease in imports and boost in exports.
The outflow of deposits continued in September by €924 million with total deposits reaching €47,465 billion, according to Central Bank of Cyprus data.
The government has issued its 22nd decree, gradually lifting credit controls imposed to prevent a run on local banks and abolishing some measures that have hampered business transactions on the island.
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