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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 ...
Consumer prices rose an annual 0.3% in November as the inflation rate accelerated from October’s 0.1% after it was in the negative area in August and September, the statistical service said.
Bank of Cyprus’ decision to enter an agreement with Australia’s delinquent loans specialist Pepper Group Ltd is a credit positive for the lender, Moody’s Investors Service said.
Cyprus needs to get back to reforming its economy in order to consolidate economic growth in the long run and safeguard the sustainability of public finances, the European Commission said.
Eighteen months exiting its bailout programme, Cyprus is exceeding expectations, particularly on growth, Eurogroup President Jeroen Dijsselbloem said after a Eurogroup meeting.
As economic recovery consolidates, and the government revises its growth forecast to 4%, the reduction in non-performing loans may pick up in pace even as the ratio of restructurings drops, an economist said.
Cyprus, Italy, Greece and Israel agreed recently to back the construction of a gas pipeline from newly discovered fields in the eastern Mediterranean to Europe.
The countercyclical capital buffer (CCyB) rate for the period 1 January 2018-31 March 2018 has been set at 0%, the Central Bank of Cyprus said recently.
A new research centre on Interactive media, Smart systems and Emerging technologies (RISE) has opened in Nicosia – it is hoped the centre will rejuvenate a deprived area, very close to the buffer zone.
The number of property transactions rose an annual 39% in November to 906, the highest figure this year, the Department of Lands and Surveys said.
DBRS Ratings Limited (DBRS) has confirmed Cyprus’ Long-Term ratings at BB (low) and changed the trend to positive from stable, according to a recent announcement.
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