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Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength and its importance to the island’s economic performance.
The presence of American multinational energy corporation Chevron in Cyprus’ maritime exclusive economic zone (EEZ) constitutes a “vote of confidence” in the energy potential of both Cyprus and Europe, President Nikos Christodoulides said on Monday.
Cyprus stepped onto one of the world’s largest maritime stages this month, making its debut with a national pavilion at MARINTEC China 2025, as the government stepped up efforts to promote the country’s shipping and maritime technology sector internationally.
Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis. Tannousis addressed an i ...
Limassol port will see over 90 cruise ship arrivals in 2019, almost double the 2018 figure, the operator of the new cruise terminal at Limassol port, DP World Limassol, announced recently.
The Cyprus Chamber Of Commerce and Industry (CCCI) announced today the launch of the Cyprus - Kazakhstan Business Association, aiming to further promote, expand and encourage business relations between Cyprus and Kazakhstan.
Moody’s Rating Agency changed its Cyprus economy outlook from stable to positive due to reduction of sovereign exposure to event risks coming from the banking sector, as well as improving economic strength surpassing previous expectations.
The International Monetary Fund (IMF) foresees a cocktail of challenges and risks for the Cyprus economy, as external headwinds are decelerating GDP growth expected to be 3% this year and in 2020.
Moody’s rating agency said recently that Thomas Cook's liquidation was credit negative for Bulgarian, Cypriot and Greek banks as tourism would be negatively affected.
Public debt grew by €2.6b in 2018 primarily due to the state offering government bonds to Hellenic Bank as part of a deal where the latter absorbed the ‘good part’ of the state-run cooperative bank, MPs heard recently.
Total deposits in Cyprus banking system reached their highest level in the past 11 months in August 2019, according to figures released by the Central Bank (CBC), while loans remained at historically low levels, despite a net increase in the eighth month of this year.
Green taxes are expected to be introduced in 2021, Finance Minister Harris Georgiades said recently on the sidelines of the three-day Global Conference on Environmental Taxation, organised by the University of Technology (Tepak) in Limassol.
The Trilogy Limassol Seafront project model will be on display at the 10th Limassol Economic Forum.
The Maritime Cyprus Conference is a biennial event organised by the Shipping Deputy Ministry in cooperation with the Cyprus Shipping Chamber and the Cyprus Union of Shipowners. In 2019, Maritime Cyprus will proudly celebrate 30 years since it was first held in 1989.
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