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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 ...
Government to issue international invitation for expressions of interest to develop site.
German Chancellor Angela Merkel says Berlin positively views a Cypriot proposal for greater involvement of the EU in a new peace drive on the island.
Linking research based development and research based education to industry needs is to be at the core of a new economic model for Cyprus according to Finance Minister Harris Georgiades.
The board of the Bank of Cyprus (BoC) announced the appointment of John Patrick Hourican as the bank’s new CEO.
MIT researchers have warned Cyprus to think carefully before investing a substantial amount of money in a rather unpredictable resource like natural gas, noting the “large amount of uncertainty” surrounding the rapidly changing global gas market.
The two negotiators in the peace talks have agreed to visit the capitals of Greece and Turkey for talks by the end of this month, Turkish Cypriot negotiator Osman Ertug said.
Tourist arrivals rose 6.7% year-on-year in September, the statistical service has announced, as total arrivals in the first nine months were down by around 3.0%.
Energy minister Giorgos Lakkotrypis has confirmed media reports that he has floated a plan for joint exports of natural gas with Israel via a facility in Cyprus.
The single casino licence which the government intends to issue will apparently provide for an integrated resort in one district plus two more branches, or “satellite casinos” in two other districts.
Cyprus’ banking sector is expected to show further losses in 2014 as the economy worsens and banks book rising non-performing loans, but the sector is adequately capitalised, the head of its Central Bank (CBC) has said.
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