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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 ...
Further to an announcement released earlier this month in which it confirmed its interest in the Co-op bank, Hellenic Bank said recently it was exploring options in the event it would require additional capital if it were to go through with a binding acquisition proposal.
One of the pillars of the partnership between Cyprus and Russia is their substantial cooperation in the economic field, Russian Ambassador to Cyprus Stanislav Osadchiy said recently.
Ship financing is further developing Cyprus’ already strong maritime sector, Deputy Minister of Shipping Natasa Pilides said recently.
More than 55% of the residential properties in the Eastern Tower of the Ayia Napa marina project, have already been sold, developers of the project said recently in a progress report on the €220 million project.
The deadline for interested parties to submit binding bids for the acquisition of the Co-operative bank or part of it, has been extended to mid-May 2018, it was reported
Amendments made to the agreement between a Russian investor who plans to build a five-star hotel at the Phinikoudes beach and the Larnaca municipality are subject to approval by the cabinet, the town’s mayor said recently.
Cyprus registered a €344m or + 1.8% of GDP total budgetary surplus in 2017 (compared to €59m or + 0.3% of GDP for 2016), according to data released recently by Eurostat, the statistical service of the EU.
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.
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