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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 ...
In early February Moody’s agency will issue its first rating for the Cypriot economy, opening the way for a round of rating actions, estimated to mark the return of Cypriot junk-rated bonds back to investment-grade.
The number of property transactions in December 2017 rose an annual 36% to 1,537, the highest number reported since July 2008, the department of lands and surveys said.
Cyprus' Ministry of Finance says the island has signed a double tax agreement with Saudi Arabia with respect to taxes on income and for the prevention of tax evasion.
The economic sentiment indicator dropped by 3.4 units in December 2017 to 118.9 units from its November peak, mainly on reduced business confidence in the services sector, the University of Cyprus said.
Italian naval frigate the Espero arrived in Larnaca port as part of maritime operations on January 4, 2017 and will remain docked there until January 8.
The output of the construction sector rose 13% in the third quarter of 2017 compared with the respective period of the year before as producer prices continue to rise, the statistical service said.
The number of registered unemployed dropped an annual 15% in December 2017, by 6,081 to 35,771, the lowest December rate since 2011, the statistical service said
Cyprus said recently that Saudi Arabian oil company Saudi Aramco has expressed a business interest in its exclusive economic zone (EEZ).
The state-owned Cyprus Cooperative Bank has said that its delinquent loan portfolio dropped last year by €806m to €6.4bn at the end of 2017 compared to a year before, a decrease of 16%.
Cyprus’ first offshore patrol vessel (OPV) which was built in Israel has arrived at Larnaca port, it emerged recently.
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