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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 ...
The record-high tourist arrivals, which rose an annual 15% over the past 7-month period edging 2 million is a credit positive for Cypriot lenders, Moody’s Investors Service said.
Public finances are fully in check and within the targets set in the 2017 government budget, Finance Minister Harris Georgiades said recently.
New developments in the energy sector will be discussed at the 5th Energy Symposium, to be organized on November 1, 2017 in Nicosia, by the Institute of Energy for South-East Europe and fmw financial media way.
Demand for loans is gradually picking up and, although it has yet to reach the peaks of previous years, it is creating mobility at banking branches for all sorts of services.
The Industrial Turnover Index for May 2017 reached 90.2 units (base 2010=100), recording an increase of 18.1% compared to May 2016.
The number of tourist arrivals exceeded for the very first time the half-a-million mark when they rose in July 10% to 531,030 compared to the respective month last year, the statistical service said.
The development of the Larnaca port and marina are back on track after a company repealed an appeal to the Tender Review Authority for its exclusion to the tender procedures.
Cyprus is the seventh most popular European country for Britons looking to relocate or buy a second home, figures from property website Rightmove suggest.
Finance Minister Harris Georgiades said recently that the latestpreliminary figure of a 3.6% economic growth in Q2 2017 showed that Cyprus’ recovery is “strong”.
The general government generated a fiscal deficit of €138.4m in Q2 2017 after posting a €200.9m surplus in the quarter before, the statistical service said.
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