The Cyprus Foundation of the Sea held its inaugural meeting at Limassol Town Hall on October 15, 2019, tasked by all participating stakeholders to develop the ‘blue economy’ growth in all sectors of the maritime cluster.

In 2018 Cyprus had the EU's highest deficit to GDP ratio (4.4%) while its government debt ratio (100.6%) was the fourth biggest, according to newly updated Eurostat figures.

Government departments must do their part and act swiftly if Cyprus is to meet its 2020 targets for reduced carbon dioxide emissions, the energy regulator told lawmakers recently.

Cyprus has yet again failed to improve its position in another economic competitiveness report compiled by an international body while offering no national blueprint to rectify the situation.

Around 60 properties islandwide will go under the virtual hammer in Cyprus’ first-ever digital online auction.

Cyprus tourist arrivals, boosted by Russian and Israeli holidaymakers, hit a new record high for September 2019 with 524,707 visitors, improving 0.9% on the previous year.

Changes pay policies in the banking sector are unavoidable, and banks will need to engage with the unions on the issue, Bank of Cyprus’ Chief Executive Officer Panicos Nicolaou said recently, addressing the Limassol Economic Forum.

According to Cyprus’s Minister of Finance Haris Georgiades, Cyprus and Greece are currently working towards creating an economy cooperation and coordination mechanism on matters concerning both their economies and European Union’s agenda.

Golf’s most comprehensive and widely regarded sustainability distinction has been added on the Resort list of awards and certifications.

As part of its firm commitment to support entrepreneurial excellence, EY Cyprus was, for the 6th consecutive year, the lead sponsor of the KEBE Business Leader Awards, an event which is organized by the Cyprus Chamber of Commerce & Industry, in collaboration with IMH.