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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 ...
Cyprus Airways has taken delivery of its second Airbus A319, it said recently.
The International Maritime Organisation Secretary-General Kitack Lim will attend the Cyprus Shipping Chamber’s (CSC) 29th Annual Meeting, a move that places Cyprus in the spotlight of international shipping, the CSC General Director told the press.
The Council of Ministers decided on Monday to limit the number of naturalisations of investors to 700 a year, starting this year.
The Central Bank of Cyprus said that the size of its balance sheet grew by €505.5m in April 2018 to €16.3bn compared to the month before, mainly on increased claims to other euro area national banks.
The European Commission has again asked Cyprus to reduce the non-performing loans in the banking system, overhaul its public service, its judicial system, reform its economy, education system and healthcare by 2019.
The Central Bank of Cyprus fined the Cyprus Development Bank (CDB) €715,000 for failing to comply with the provisions of legislation for the prevention and suppression of money laundering.
The licensing by the Central Bank of Cyprus for the selling of loans to B2Kapital Cyprus Ltd. is credit positive for Cypriot banks, Moody’s rating agency has said.
The weighted average maturity of the general government debt, which in December 2017 fell to €18.7bn, dropped to 7 years at the end of 2017 from 7.5 years in 2016, the Public Debt Management Office (PDMO) said.
Bank of Cyprus, the island’s largest lender, is preparing to sell up to €7bn in non-performing loans and is setting up four subsidiaries to facilitate the process, the press reports.
French energy giant Total, wants to expand its presence into block 8 of Cyprus’ exclusive economic zone (EEZ) Energy Minister Yiorgos Lakkotrypis said recently.
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