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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 ...
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.
Hellenic Bank, Cyprus’ third largest lender, said that it agreed to sell Norway’s B2Holdings ASA €145m of loans as part of its strategy to reduce its delinquent loan portfolio.
The trade deficit increased by €162.1 mn as a result of a significant increase in imports in the first nine months of the year, compared to the same period last year.
Economy and energy developments with a brief mention of the Cyprus issue, were the main focus of President Nicos Anastasiades’ televised New Year address during which he said 2017 had been a productive year for the country.
A recent announcement, which appeared in the media, shows that Petrogress, Inc. (OTC: PGAS) is doubling down in Cyprus, entering into a Memorandum of Understanding (MOU) with EDT Agency Services, Ltd. at the Limassol Port.
The period of exchange of Cyprus pound banknotes with euros will expire on December 31st 2017.
The island generated a €321m current account surplus in July to September 2017 against a €405.9m surplus in the respective quarter of 2016 and a €7.4m deficit in the quarter before, the Central Bank of Cyprus said.
The government generated a fiscal surplus of €482.1m in the first eleven months of the 2017 or 2.5% of economic output, the statistical service said recently.
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