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The Deputy Ministry of Tourism recently launched a public consultation on Cyprus’ National Strategy for the Development of Diving Tourism, inviting stakeholders and the public to submit feedback before the strategy is finalised.
The Bank of Cyprus is expected to deliver another strong quarter, with analysts forecasting robust profitability and the potential for generous shareholder distributions, as Greek and Cypriot banks continue to benefit from credit expansion, resilient interest income and rising fee revenue.
Aircraft maintenance firm Bird Aviation announced on Wednesday that it has signed a long-term agreement with low-cost airline easyJet to provide scheduled aircraft maintenance services at its facilities in Larnaca, strengthening Cyprus’ position as a regional aviation maintenance hub.
Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength a ...
Tourist arrivals rose in May 2018 by 7.6% to 450,955 compared to the respective month of 2017 as secondary markets offset a decline in Russian visitors, the statistical service said recently.
Government Spokesman Prodromos Prodromou stressed the need for a solution to the problem of Non-Performing Loans in Cyprus.
The harmonised consumer price index rose in May 2018 an annual 1% compared to a year before mainly on more expensive energy products, the statistical service said.
The cabinet approved in principle Hellenic Bank’s offer for the acquisition of state-owned Cyprus Cooperative Bank’s operations, Finance Minister Harris Georgiades said.
Larnaca’s satellite casino will likely be housed at Larnaca International Airport, according to local press reports.
The number of persons employed in the first quarter of 2018 rose 4%, to 391,701, compared to January to March last year, the statistical service said citing a flash estimate.
The government has issued a notice for the expropriation of land for the EuroAsia Interconnector’s high-voltage direct current (HDVC) converter station, the project’s website has said.
The 2018 budget for the Cyprus Hydrocarbons Company (CHC) of €6m was approved recently by the cabinet, the deputy government spokesperson Clelia Vassiliou announced.
The number of company registrations rose in May 11% to 1,271 compared to the respective month of 2017, the Department of Registrar of Companies and Official Receiver said.
Non-performing loans in the Cypriot banking system fell in February 2019 by €122m to €22bn or 45.3% in a month and by €1.9bn in a year, the Central Bank of Cyprus said.
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