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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 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.
Cyprus’ anti-money laundering unit (MOKAS) is cooperating closely with US authorities in a major case involving theoperators of a digital currency exchange with links on the island through numerous bank accounts.
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