Recently addressing a ceremony held for the conclusion of the first phase of investments by Eurogate at Limassol port, President of Cyprus Mr. Nicos Anastasiades, said: “the Limassol port is one of the most advanced ports in the Eastern Mediterranean region and constitutes an important source of revenue for Cyprus.”

Borrowing costs of the Republic of Cyprus is continuing on its downward trend, as the 10-year bond yield has fallen to historically low levels in recent months.

Tourist arrivals to Cyprus in May 2019 dropped for the second time this year, after an unbroken run since 2015, mainly due to a fall from the island’s main holiday markets Britain, Russia and Germany, official data showed recently.

APS Holdings, one of Europe’s largest debt servicing companies, says it has been instrumental in successful efforts to combat the problem of non-performing loans in Cyprus and Greece’s.

Cyprus has designed and approved its national strategy on blockchain technologies, which includes a timetable and an organizational structure.

One more collaboration added to the exclusive list of established brand names that represent elegance, finesse and premium aesthetics has been confirmed between Cypeir Properties Ltd and the Italian brand ARCLINEA.

Cyprus’ capital is showing signs that its commercial property market is following similar growth recorded in its residential sector, as local and foreign investors seek opportunities, while companies are searching to house their operations.

A memorandum of understanding was signed recently between Foreign Minister Nicos Christodoulides and his United Arab Emirates counterpart Sheikh Abdullah Bin Zayed Al Nahyan for the establishment of a joint cooperation committee.

Construction of €300m Ayia Napa Marina is on schedule, as phase one of the largest foreign investment in Cyprus is nearing completion, the developer has announced.

Moody’s Investors Service has published an updated credit opinion on RCB, confirming the bank’s stable financial position in terms of capital and liquidity.