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The Cyprus government recorded a fiscal surplus of €918.7 million in 2023, constituting 3.1 per cent of the Gross Domestic Product (GDP), with government debt reaching €23.03 billion, accounting for 77.3 per cent of GDP, according to a report by the state’s statistical service.
The Finance Ministry, in collaboration with SIX, a financial market infrastructure company, and the Cyprus Stock Exchange (CSE), on Thursday announced the successful activation, referred to as going live, of the dual-listing of Euro Medium Term Notes (EMTN) of the Republic of Cyprus at the Cyprus Stock Exchange.
Deputy Minister of Tourism Kostas Koumis and Ambassador Khaled Yusuf Ahmed Al Jalahma from the Kingdom of Bahrain, who is based in Tel Aviv, held a meeting on in Nicosia, according to an announcement released by the Cypriot tourism ministry.
Cyprus ranks fifth among EU countries in the progress achieved regarding research and innovation, Theodoros Loukaidis, Director General of the Res ...
French oil major Total has alerted the government that its planned drilling for hydrocarbons in Cyprus’ economic waters will be pushed back to the summer 2017.
Holiday makers from home and abroad spent 14.8 million nights in hotels and other establishments during 2016, an increase of 10.9% over 2015 numbers, Eurostat announced recently.
Cyprus’ government debt rose in September 2016 to €19.7bn or 110.6% of economic output, which is the fourth highest ratio in the European Union, Eurostat said.
House prices, as measured by the House Price Index, rose by 3.4% in the euro area, by 4.3% in the EU and dropped by -3.3% in Cyprus, during the third quarter of 2016 compared with the same quarter of the previous year.
In spite of the increased numbers of tourists in 2016 who visited Cyprus, the five main markets that supplied the largest number of tourists remained the same.
While vice-chairman of Bank of Cyprus (BoC) Wilbur Ross is expected to quit his position to become US Commerce Secretary, the company WL Ross & Co will continue to be invested in the bank, which is set to list on the London Stock Exchange.
Euro area annual inflation was 1.1% in December 2016, up from 0.6% in November and 0.1% in Cyprus, up from -0.8% in November according to Eurostat.
The Bank of Cyprus (BoC) share price briefly leapt to €4.45 in London trading as it made its debut on the London Stock Exchange (LSE).
Cyprus’ most established recruitment agency, GRS Global Recruitment Solutions, recently reached a milestone as it celebrated its 12th anniversary, confident that the island boasts a highly skilled workforce as the economy returns to recovery.
January 24, 2017 will be a landmark date for Larnaca, when its refinery will finally begin to be stripped down.
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