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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 ...
A deal between the Co-operative Bank of Cyprus and Hellenic Bank will be sealed soon, but it appears that taxpayers will be required to pick up part of the tab.
Cyprus participated in the biennial International Shipping Exhibition 'Posidonia' in Athens,one of the biggest of its kind in the world, with its own pavilion.
Rental prices have climbed steeply, especially in the heart of Limassol and Nicosia because of heightened interest by investors and retailers seeking new venues.
Foreign Minister Nicos Christodoulides has welcomed ExxonMobil’s intention to accelerate procedures ahead of scheduled offshore drillings in the island's exclusive economic zone.
Italy is currently Cyprus’ third largest trade partner with energy being the sector with the most significant potential, Foreign Minister Nikos Christodoulides has said
The groundbreaking ceremony for the new casino resort took place recently in Limassol attended by President Nicos Anastasiades who described it an “historic day” and a “major milestone” for Cyprus.
A delegation from US energy giant ExxonMobil led by the company’s vice-president for Europe, Russia, Asia, the Pacific and the Middle East, Tristan Asprey was in Cyprus for talks with the government recently.
Cyprus’ economy expanded 4% in the first quarter of 2018 compared to the respective three-month period last year and 1% compared to the quarter before, the statistical service said recently.
Third Point LLC, the US hedge fund which is Hellenic Bank’s largest shareholder is in talks with prospective investors to sell its 26.2% stake in the Cypriot lender, Bloomberg reported recently.
The reduction of non-performing loans (NPLs) by Cypriot banks has picked up pace, international ratings agency DBRS has said adding that it expected to see further progress.
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