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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 ...
There appears to be increasing interest in alternative Cyprus investments with real estate demand from wealthy buyers active, and ranging from the acquisition of top quality houses to office buildings (as an investment, for income), and so forth.
Tourism is particularly important for peripheral economies in the Eurozone, such as Malta and Cyprus, according to new analysis from PwC.
Hoteliers are pleased with hotel occupancy for the holiday period, according to the president of the Cyprus Hotels Association (Pasyxe), Haris Loizides.
Republic of Cyprus budget savings due to borrowing from the European Stability Mechanism (ESM) and the European Financial Stability Facility (EFSF) in 2016 reached 2.1% of GDP (€0.4 billion).
The harmonised consumer price index fell an annual 0.1% in July as cheaper food and beverages and other industrial products offset the impact of higher energy prices, the statistical service said.
The value of transactions completed with plastic money rose 16% in July 2017 to €250.4m compared with the respective month of 2016, JCC Payment Systems said.
Given the prospect of new gas discoveries in Cyprus’ EEZ, it is timely to review recent developments, says Charles Ellinas, energy expert.
Moody’s Investors Service said it expects Cypriot banks to extend the highest amount of new loans in a single year since the 2013 banking crisis, benefiting from a higher demand for mortgages and corporate credit.
Property sales documents submitted by foreign buyers numbered 251 in July 2017, an increase of 31.41% compared to July 2016 (196), according to Land Registry data.
2017 is developing to be the best recorded in terms of tourist arrivals for the city and district of Larnaca.
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