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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 ...
PMV Maritime Holdings Ltd had been awarded the tender for the lease of a state area (land and sea) for the development of the Paralimni marina.
The governor of the central bank said that the Cypriot banks have made insufficient progress in reducing non-performing loans adding that the supervisor is working on proposals to render the existing legislative framework more effective to speed up the process.
The construction of the Ayia Napa marina is well under way, with plans to finish the first part of the project on time – June2019.
The economic sentiment indicator rose by 2.3 units in May 2017 to 118.4, the highest since June 2001, on improved confidence in services and to a lesser extent in retail trade and consumer confidence, the University of Cyprus said.
All over Europe opening a bank account is time consuming and difficult procedure, as the Compliance Department requests more and more documentation.
Our Director, Yiannis Misirlis, has been elected Deputy Chairman of the Board of the Land and Building Developers Association of Cyprus (LBDA) for a two year tenure.
Hellenic Bank said that it generated a net loss attributable to shareholders of €10.5m in the first quarter of 2017, against a €64m loss in the last quarter of 2016 and a marginal net profit in the respective quarter last year.
Cyprus Airways recently announced the launch of ticket sales for flights from/to Larnaca International Airport to/from Tel Aviv and St Petersburg, the latest addition to the airline’s schedule for this summer.
Egypt’s minister of trade and industry has given the green light for its end of a Cyprus-Egypt business association to go ahead even though an agreement to set it up was made in 2001.
Cyprus is increasingly ranked on the shortlist of decision makers when it comes to choosing the right location to establish international and regional headquarters, thanks to its rapidly growing economy and cost-effective business environment.
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