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The Cyprus government recorded a fiscal surplus of €918.7 million in 2023, constituting 3.1 per cent of the Gross Domestic Product (GDP), with government debt reaching €23.03 billion, accounting for 77.3 per cent of GDP, according to a report by the state’s statistical service.
The Finance Ministry, in collaboration with SIX, a financial market infrastructure company, and the Cyprus Stock Exchange (CSE), on Thursday announced the successful activation, referred to as going live, of the dual-listing of Euro Medium Term Notes (EMTN) of the Republic of Cyprus at the Cyprus Stock Exchange.
Deputy Minister of Tourism Kostas Koumis and Ambassador Khaled Yusuf Ahmed Al Jalahma from the Kingdom of Bahrain, who is based in Tel Aviv, held a meeting on in Nicosia, according to an announcement released by the Cypriot tourism ministry.
Cyprus ranks fifth among EU countries in the progress achieved regarding research and innovation, Theodoros Loukaidis, Director General of the Res ...
Some 3,000 new tourist beds are expected to operate this year in Ayia Napa and Protaras, ahead of the peak summer season.
The use of plastic money rose 9% in January to €227.1m compared to the respective month of 2016, the payment processing joint venture of Cypriot banks, JCC Payment Systems Ltd said.
The amount of non-performing loans in the Cypriot banking system fell in October 2017 by €51.7m to €21.4bn compared to September and by €2.7bn in a year, the Central Bank of Cyprus said.
The European Commission said that it expects economic growth in Cyprus to moderate to 3.2% this year and to 2.8% in 2019 after reaching 3.8% in 2017.
Building permits rose in January to November 2017 an annual 45% in terms of construction area, to 1,354,786 square metres and 53% in terms of budget to €1.6bn, the statistical service said.
The consumer price index fell in January 0.7% compared to the respective month of 2017, mainly on cheaper agricultural produce, the statistical service said.
Government spokesman Nicos Christodoulides appealed for unity following President Nicos Anastasiades' re-election, so that the country could tackle the challenges that lay ahead.
Ryanair recenttly announced a new Paphos route to Amman in Jordan, which will operate four times weekly from the end of March 2018, as part of its Summer 2018 schedule.
“Cyprus offers the interesting example of an economy saved with the help of economic adjustment and responsible reforms,” the Martens Centre, the European People’s Party (EPP) in house think tank has said.
Revenue from tourism rose in November 2017 by 6.8% to €89.5m compared to the respective month of 2016, against an increase in arrivals of 16%, the statistical service said.
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