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Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength and its importance to the island’s economic performance.
The presence of American multinational energy corporation Chevron in Cyprus’ maritime exclusive economic zone (EEZ) constitutes a “vote of confidence” in the energy potential of both Cyprus and Europe, President Nikos Christodoulides said on Monday.
Cyprus stepped onto one of the world’s largest maritime stages this month, making its debut with a national pavilion at MARINTEC China 2025, as the government stepped up efforts to promote the country’s shipping and maritime technology sector internationally.
Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis. Tannousis addressed an i ...
Fitch has upgraded its rating on Cyprus to ‘BB+’ from ‘BB’ because of the country’s strong cyclical economic recovery and prudent fiscal policy.
Three investors are interested in the co-op bank, as the procedure to dispose of the state-controlled lender enters its final stretch, it was reported recently.
The European Commission’s competition watchdog will be looking at the government’s recent action to deposit €2.5bn to the co-op bank through the issuance of bonds, it emerged recently.
The Cypriot government is projected to post budget surpluses over the next six years through to 2023, according to the International Monetary Fund’s Spring 2018 Fiscal Monitor published recently.
Invest Cyprus initiative to capitalise on human resources
Cyprus registered the lowest annual inflation in the euroarea for March 2018, with -0.4%.
The European Central Bank (ECB) seems to favour merging the performing operations of the Cyprus Cooperative Bank (CCB) with another Cypriot lender, Finance Minister Harris Georgiades said recently.
Following comments from The Troika on the extremely high levels of non-performing loans (NPLs) the Cyprus government is preparing proposals to improve the insolvency and foreclosure laws.
Tourist arrivals during the first three months of 2018 were up 29.3% over the same period last year, according to data from the Passengers Survey.
Bank of Cyprus and Deloitte programme to aid aspiring entrepreneurs Accelerator Aris, A Really Inspiring Space, has grown with the addition of another team.
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