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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 annual inflation rate dropped in May to 1.1% from 2% the month before, as the impact of higher energy prices on consumer prices fades away, the statistical service said.
The government has decided to hand over 25% of the state-owned Cooperative Central Bank (CCB) to its customers free of charge, Finance Minister Harris Georgiades said recently.
The Central Bank of Cyprus said that it will cease exchanging Cyprus pounds notes with euros on December 31, 2017.
In its mission to always provide a high-class living experience, Plus Properties Cyprus launched its latest luxury residential project in Larnaca: 'The Pearl of Mackenzie'.
The unemployment rate in Cyprus fell in April 2017 to 11.6%, remaining the third-highest in both the euro area and the European Union, the EU’s statistical office Eurostat said.
The central cooperative bank (CCB) said recently it has recorded a net profit of €7m in 2016 even after raising its provisions for bad debts by €116.5m.
The Index of Industrial Production recorded an increase of 8.7% in the period January-March 2017, compared to the corresponding period of the previous year.
Minister of Transport, Communications and Works, Marios Demetriades, is in London to promote Cyprus as shipping destination.
Representatives from the majority of Cyprus Investment Firms participated in an event organised by the two largest Advisory Groups in the sector, K.Treppides & Co and MAP S.Platis, titled 'Is Cyprus capable of remaining the leading jurisdiction for financial services in EU?'.
Bank of Cyprus, the island’s largest lender, said that it generated a €2m after tax profit in the first quarter of the year, as much as in the past quarter, compared to €50m in January to March 2016.
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