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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 for Cyprus alternative investments in 2017.
As Cyprus’ recovery continues from the 2013 financial collapse, banks share prices on the Nicosia stock exchange have shown strong signs of stability during the summer.
Moody’s Investors Service recently upgraded Cyprus’ credit rating a notch from B1 to Ba3 which is still three grades into the speculative area, citing the economy’s resilience and a fiscal overperformance.
The Bank of Cyprus must include the sale of non-performing loans (NPLs) in its toolkit if it is to achieve its ambitious target to halve their ratio to 20% by 2019 says Moody’s Rating Agency.
Economic sentiment in Cyprus deteriorated marginally in July, the Economic Research Centre (ERC) of the University of Cyprus has said.
The Central Bank of Cyprus said overall deposits dropped by €432.9m in a month in June 2017, to €48.5bn, as total loans also dropped €43.4m, to €54.3bn.
Cyprus` public debt in the second quarter of 2017 amounted to €19.35 billion, the Cyprus Public Debt Management Office (PDMO) said recently.
The first bank in Cyprus to do so, Eurobank Cyprus has announced the launch of UCITS ERB Funds VCIC PLC, strengthening its leading position in the Mutual Funds industry in Cyprus.
Moody’s ratings agency said Bank of Cyprus (BoC) will have to include the sale of its non-performing loans (NPLs) in its toolkit if it wants to attain its target of halving the ratio to 20% by 2019.
Cyprus’ public universities will be allowed to found businesses or organisations, or enter partnerships, aiming to exploit discoveries or inventions resulting from scientific research, Education Minister Costas Kadis announced recently.
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