The European Commission this week projected a significant 30 per cent decrease in Cyprus’ public debt, as a percentage of its Gross Domestic Product (GDP), by the end of 2024.

Scope Ratings, a German rating agency, this week upgraded the long-term rating of the Republic of Cyprus from BBB to BBB+, maintaining a stable outlook for the Cypriot economy.

Hellenic Bank has announced robust financial results for the first nine months of 2023, posting an after-tax profit of €240.7 million, primarily attributed to increased interest income derived from placements with Central Banks, other financial institutions, and debt securities.

The capital of Cyprus joined the map of innovative European cities, following the direction for smart and sustainable cities, President Nikos Christodoulides said on Monday, at the inauguration of the project “Development of Smart City Infrastructure and Systems” of Nicosia Municipality, in the framework of “THALIA 2021-2027” project.

The Cyprus Shipping Chamber (CSC) has released a statement welcoming the launch of the one-stop shipping centre at the Deputy Ministry of Shipping, effective from November 20.

The Cyprus Chamber of Commerce & Industry (KeveI) announced that it has prolonged the application deadline for its I-STARS grant scheme, catering specifically to tourism businesses.

The third quarter of 2023 saw a significant decline in the assets of investment organisations in Cyprus, despite a rise in their numbers, according to a report released on Friday by the Central Bank of Cyprus (CBC) for September.

We are pleased to share the release of the 12th edition of Lexology’s In-Depth ‘Private Wealth and Private Client Review’ (the ‘Review’).

The Cyprus Investment Funds Association (CIFA) on Friday expressed its commendation for the recent approval by the Cabinet of a draft law regarding the establishment and operation of Fund Managers and Undertakings of Collective Investments.

Tourist arrivals in Cyprus during the first ten months of 2023 soared by 21.1 per cent compared to last year, according to a report released on Friday by the Cyprus Statistical Service (Cystat).