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The Deputy Ministry of Tourism recently launched a public consultation on Cyprus’ National Strategy for the Development of Diving Tourism, inviting stakeholders and the public to submit feedback before the strategy is finalised.
The Bank of Cyprus is expected to deliver another strong quarter, with analysts forecasting robust profitability and the potential for generous shareholder distributions, as Greek and Cypriot banks continue to benefit from credit expansion, resilient interest income and rising fee revenue.
Aircraft maintenance firm Bird Aviation announced on Wednesday that it has signed a long-term agreement with low-cost airline easyJet to provide scheduled aircraft maintenance services at its facilities in Larnaca, strengthening Cyprus’ position as a regional aviation maintenance hub.
Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength a ...
Work to install and stabilise a drilling platform at an offshore area within the island’s exclusive economic zone was going smoothly, the government said recently.
Assets under management in Cyprus have tripled in less than three years to €3.3 bn and will reach €20 bn in another five years if the current rate of growth is sustained.
One out of five foreign buyers of real estate in Cyprus spend over €3 million to purchase property in Cyprus, with over 250 contracts for properties valued over €1.5 million having been signed during the past three years.
Hellenic Bank announced the appointment of Lars Kramer as an Executive Member of the Board of Directors of the bank and the resignation of Georgios Fereos from its Board of Directors with effect from 10 July 2017.
The harmonised consumer price index rose in June 0.9% compared to the respective month of 2016 on more expensive energy products and services, the statistical service said.
Cyprus’ trade deficit widened in January to May 2017 an annual 24% to well below €2.1bn, mainly on increased imports, the statistical service said.
The value of transactions using plastic money rose an annual 12% in June to €230.4m, JCC Payment Systems Ltd, a joint venture of Cypriot banks, said.
Tourism in Paphos during August will largely comprise southern European and Cypriot visitors, head of the Cyprus Hotel Association (Pasyxe) district office said recently with hotels 93-95% full.
2017 marks 80 years of successful business for EY in Cyprus. The origins of EY Cyprus date back to 1937, when the Russel & Company partnership was formed.
Non-performing loans in the Cypriot banking system dropped by €650m in March to €23.2bn, the most spectacular monthly drop since June last year, the Central Bank of Cyprus said.
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