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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 ...
EU regulators will order the three major Cypriot banks to raise provisions even higher, according to recent press reports.
Cyprus, Greece and Israel discussed ways to promote the construction of the East Med pipeline, that would transport natural gas from the Eastern Mediterranean to Europe through Greece.
Casino investor NagaCorp Ltd said in a filing to the Hong Kong stock exchange recently that it would not be proceeding to the final bidding stage for the single casino licence in Cyprus.
Paphos with 40% followed by Limassol with 23% are the two most popular destinations for Cypriots wanting to unwind.
The promotion of energy interconnections of Eastern Mediterranean countries and the EU is at the centre of discussions at a trilateral meeting in Athens between the energy ministers of Cyprus, Greece and Israel.
This year will be written in gold in the annals of Cypriot tourism, as one record follows another, acting director of the Cyprus Tourism Organisation (CTO) Annita Demetriades said recently.
Shipping was the main mode of goods transportation in a majority of EU member states in 2015, according to Eurostat.
Investment-grade rating for Cyprus’ sovereign debt is still some way off but has been “notching up nicely” over the past year, and Bank of Cyprus is following it up, CEO John Hourican said.
Hellenic Bank foresees a positive macroeconomic outlook this year, a reduction in unemployment, and further improvement of key domestic indicators.
The Cyprus Central Bank announced the start of the first evaluation regarding the state of the country’s banks by the Troika following Cyprus’ exit from the bailout.
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