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The Cyprus Chamber of Commerce and Industry (Keve) has released a statement reviewing the outcomes of a major business forum held in Nicosia earlier this week, where Cyprus and Chna explored opportunities to expand bilateral trade, attract investment and develop business partnerships.
Cyprus businesses will need to invest more, improve productivity and turn research into commercially successful products if they are to compete internationally, with employers warning that the ability to adapt quickly to new technologies will increasingly matter more than company size.
Invest Cyprus CEO Marios Tannousis outlines how greater access to growth capital, international partnerships and skilled talent can help turn the island into a hub for globally competitive startups
Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength a ...
Gemalto and Bank of Cyprus have teamed up to offer biometric EMV (Europay, MasterCard, and Visa) cards for the latter’s customers.
Greece and Cyprus will sign three separate agreements for stronger cooperation in maritime, cultural and environmental issues in Nicosia next week, it was announced recently.
Revenue from tourism rose in October 2017 an annual 4.2% to €277.1m, against an increase in arrivals of 14%, the statistical service said recently.
Bank of Cyprus (BOC), the island’s largest lender, said that its BOC Asset Management (BOCAM) unit launched operations on December 1, 2017 with the introduction of a mutual fund.
Finance Minister Harris Georgiades says 269 European Investment Bank loans to small and medium-sized businesses over the last three years have helped the economy rebound from an economic crisis that nearly pushed the island-nation into bankruptcy.
Hellenic Bank and Cyprus Cooperative Bank signed a €40m and €25m loan deal with the European Investment Bank (EIB) respectively which will allow them to extend credit to small and medium-size enterprises (SME), the two lenders said.
The Supreme Court has upheld an appeal by the Poseidon consortium that the committee responsible for overseeing the Paphos marina tender process is unlawful.
Hungarian low-cost airline Wizz Air announced recently it will start flights between Larnaca and Vienna from November 2018.
The unemployment rate fell to 11% in November 2017 from 13.1% in November 2016 but rose from 10.5% in October 2017, said Eurostat.
Cyprus’ trade deficit widened 18% in January to November 2017 to €4.6bn or by €715.9m compared to the respective period of 2016, the statistical service said.
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