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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 government generated a fiscal surplus of €200.9m in the first quarter of the year, compared to a surplus of €146.3m a year before, mainly on increased revenue, the statistical service said.
Foreign investors heaped praise on Cyprus during a special session focused on the country at the European Bank of Reconstruction and Development (EBRD) annual meeting in Nicosia.
Italy’s Eni, which made the largest gas discovery in the EastMed off the coast of Egypt in 2015, expects that Cyprus will play a key role in developing the region's gas.
Cyprus Airways recently announced the start of ticket sales for Heraklion in Crete, and Rhodes, while tickets to Tel Aviv and two other destinations will be available in the coming weeks.
The government expects fat gains from the first casino resort and its satellites to be built and operated in Cyprus.
Cyprus’ revenue from ship management rose by 4.6% year-on-year, or €458m, in the second half of 2016, from €438m in 2015, the Central Bank of Cyprus said.
Non-performing loans in Cyprus’ banking system continued to be around half of total loans over the past years.
Cyprus has stepped up its search for offshore gas and hopes that drilling by Total in July 2017 will confirm that the geology of a huge discovery in Egypt extends into Cypriot waters, the energy minister said recently.
Supported by robust employment, consumption and investment, Cyprus’ economy has enjoyed a broad- based recovery, says the European Commission in a report, and is forecast to post solid growth over the forecast horizon.
One of a cluster of five brand new solar plants, financed by the EBRD, was inaugurated today in Cyprus, on the fringes of the EBRD Annual Meeting of the Board of Governors.
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