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The future of banking, artificial intelligence and financial technology in Cyprus will come under discussion on Tuesday 13th October at the first Forbes Cyprus Next Generation Banking & Fintech Summit, bringing together more than 250 participants at the Four Seasons hotel in Limassol.
Cyprus and Israel will hold a new round of online talks to reach an agreement on the cross-border gas reservoir between Cyprus’s Aphrodite field and Israel’s Yishai field, the Cyprus News Agency reported on Friday.
The Research and Innovation Foundation (RIF) has received a record 284 proposals for its PRE-SEED programme, highlighting growing interest in creating and developing startups with international ambitions in Cyprus.
Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength a ...
The Cyprus Investment Promotion Agency (CIPA) said that Monday night’s Cyprus-Russia business dinner in Moscow had been extremely fruitful in terms of making connection with top Russian entrepreneurs.
The Republic of Cyprus has adopted all international measures against the legalisation of income from illegal activities and the relevant Cypriot legislation is strict, the Ministry of Justice said recently in a press release.
Economic sentiment improved in October 2017, according to the University of Cyprus’ Economic Research Centre.
Bank of Cyprus, the island’s largest lender, said it obtained approval to set up an asset management company.
Funds deposited in the Cypriot banking system dropped by €164.9m to €49bn in September as the amount of outstanding loans dropped by €134.6bn to €52.6bn, the lowest in nine years, the Central Bank of Cyprus said.
The of value of turnover in retail trade rose in August 2017 a preliminary 4.2% compared to the respective month of 2016, the statistical service said.
The government held at the Central Bank of Cyprus more than €1.4bn in deposits at the end of September 2017, the bank supervisor said.
Cyprus-based TUS Airways is expanding operations and is offering direct flights from Larnaca to Athens from December, it announced recently.
The consolidated economic growth of recent quarters has helped reduce the stock of non-performing loans in the banking system mainly via a reduction in delinquent corporate credit, central bank data show.
The latest statistics suggest a bright future not just for Cyprus’ economy but also for the local primary economic sector, which shows annual leaps of growth, Agriculture Minister Nicos Kouyialis said recently.
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