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Cyprus maintained one of the strongest fiscal positions in the European Union in 2025, according to figures from Eurostat, recording a budget surplus while most member states posted deficits.
Cyprus tourism stakeholders struck a slightly more upbeat note this week after an expanded meeting at the Deputy Ministry of Tourism, saying recent weeks had brought more encouraging signals even as the sector continued to grapple with weaker demand.
Cyprus is emerging as one of Europe’s fastest-growing innovation hubs. Startups founded on the island are building global products, attracting international investment and expanding into markets far beyond the Mediterranean.
Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength a ...
Air France and Cyprus Airways are offering a total of 20 daily code-share flights as of this week.
Dolphin subsidiaries Aristo Developers and Venus Rock Estates agree on €290m golf resort deal.
A team of troika technocrats have arrived in Cyprus to monitor developments in the island’s financial sector.
The education ministry has announced it would be granting €4 million in student grants for those studying at state-run and private universities for the current academic year.
The new law aimed at enabling cooperative banks to raise capital paves the way for better running, more modern entities, the co-op banks’ supervisor said yesterday.
The government expects borrowing rates to fall in line with a reduction in deposit interest rates, the spokesman said yesterday.
The twelfth decree on capital controls was released yesterday with two new relaxations.
Public finances recorded a surplus of €44.2m during the first quarter of 2013 due to a reduction of government expenditure by 17.2 per cent.
The University of Cyprus’ medical school will start as scheduled in September despite a bill which was submitted to parliament to postpone the opening.
Cyprus Central Bank (CBC) announced on Thursday the preliminary consolidated balance sheet of Bank of Cyprus which under a €10 billion bailout agreement with the ESM/IMF has absorbed the good part of Cyprus Popular Bank which will be wound down.
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