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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 ...
The following is an article from LSTS taxoptimus, dated 29 June 2017
Total deposits in the Cypriot banking system rose last month by €168.8m to €49.1bn as total loans dropped by €193.6bn to €54.1bn compared with April 2017, the Central Bank of Cyprus said.
The creation of an integrated casino resort on the island is expected to boost state revenues in addition to creating thousands of jobs and attracting hundreds of thousands of tourists every year, commerce minister Giorgos Lakkotrypis said recently.
Melco International Development Ltd, will assume the majority stake of 70.74% shareholding of the integrated casino resort project with the agreement to purchase Hard Rock’s interest in the company.
The signing of the contract for Cyprus’ first casino resort will take place on Monday 26 June 2017 in Nicosia.
The Central Bank of Cyprus said that Cyprus’ current account deficit posted a €721.1m deficit in the first three months of the year compared to a surplus of €73.2m in the respective quarter of 2016.
President of the Republic Nicos Anastasiades has expressed his strong belief that even though Cyprus has yet to reach its full potential in terms of economic growth, it is on the right track.
Pafilia Property Developers, renowned for its dedication to excellence and its highly desirable luxury properties, adds another contemporary development to its extensive portfolio, Domus in Pafos.
Moody’s Investors’ Service has upgraded Bank of Cyprus Public Company Limited’s (BoC’s) long-term local and foreign currency deposit ratings to Caa1 from Caa2 and its Provisional Senior Unsecured EMTN ratings to (P) Caa1.
Cyprus’ €850m bond issue reduces refinancing risks and demonstrates the sovereign's improved financing flexibility, Fitch Ratings said, although some factors continue to weigh on the island’s sovereign credit profile.
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