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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 ...
The Central Bank of Cyprus (CBC) is conducting a nationwide survey to assess the island’s financial knowledge, with results expected to be announced within the first half of 2018, it emerged recently.
The House labour committee recently unilaterally decided to accept cabinet’s amendments to the law on guaranteed minimum income (GMI).
The Index of Industrial Production for October 2017 reached 88.3 units (base 2010=100), recording an increase of 8.1% compared to October 2016.
The launching of flights connecting Pafos with Cairo, and Pafos with Alexandria on a pilot basis, has been agreed following a number of meetings and consultations between a particular travel agency and Pafos Tourism Development and Promotion Company (ETAP).
The number of tourist arrivals in November 2017 rose 17% to 144,676 compared to the respective month of 2016 as all major markets performed strongly, the statistical service said.
Energy Minister Yiorgos Lakkotrypis said he is prepared for all possible outcomes of the island’s oil and gas exploratory programme, which includes four test drillings in the exclusive economic zone (EEZ) next year.
Steady recovery in the Cyprus real estate market is expected in 2018, with demand expected to continue progressively, according to several market experts, as published in a recent news article from InBusinessNews, a leading news portal of Cyprus.
The Turnover Value Index of Wholesale Trade except of Motor Vehicles for the period July-September 2017 increased by 5.8% to 92.7 units (base 2010=100), compared to 87.6 units during the same period of 2016.
Astrobank is very close to taking over USB Bank, in a move that would contribute to the consolidation of the Cyprus’ fragmented banking system, sources told the Cyprus News Agency (CNA).
The Central Bank of Cyprus said it expects the economy to expand 3.8% this year before growth slowed down to 3.4% in 2018.
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