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The 14th Invest Cyprus International Investment Awards are due to take place on Thursday, July 9, at the Hilton Nicosia to recognise foreign companies that have made significant contributions to the national economy and society.
Cyprus’ industrial sector generated higher value added and recorded a modest increase in employment during 2024, according to figures released by the Cyprus Statistical Service (Cystat), with manufacturing remaining the main driver of growth.
Cyprus recorded a sharp increase in building activity during the first quarter of 2026, with the state statistical service (Cystat) reporting that the number of building permits issued rose by a whopping 44.1 per cent compared with the same period last year.
Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength a ...
The decline in industrial production deepened in March, output falling by 16.1% compared with March 2012, after a fall of 15.3% in February.
Cyprus plans to cut spending by around a billion in the next three years to rein in the deficit and a spiraling public debt.
The Cyprus government and the European Investment Bank have signed a loan agreement for €100 million to be used for various projects.
President of the European Investment Bank (EIB) Werner Hoyer stresses the need to reestablish trust and confidence in the Cyprus banking sector to help the economy return to growth and development as banks are the foundations of any economy.
Capital controls imposed on the Cyprus banking sector should be lifted as soon as possible, provided the sector is stabilized, the island’s bank association said.
A planned grant scheme for promoting and encouraging the use of renewable energy sources and energy saving will see 2,000 low income homes installed with photovoltaic (PV) systems in a scheme costing around €5 million.
The Central Bank of Cyprus announced it has appointed audit firm KPMG London to carry out an independent evaluation of the assets of the Bank of Cyprus and the Cyprus Popular Bank.
Nobel laureate Christopher Pissarides has been awarded €2.2 million by the European Research Council (ERC) for a University of Cyprus research project on employment in Europe.
Cypriot courts have issued an international injunction that aims to temporarily freeze assets of three former executives of the island's second largest bank that has been forced into bankruptcy as part of the Eurogroup-orchestrated bailout deal.
The communications ministry has called for tenders’ proposals for a feasibility study on a tram network in the greater Nicosia region.
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