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The Cyprus Chamber of Commerce and Industry (Keve) has released a statement reviewing the outcomes of a major business forum held in Nicosia earlier this week, where Cyprus and Chna explored opportunities to expand bilateral trade, attract investment and develop business partnerships.
Cyprus businesses will need to invest more, improve productivity and turn research into commercially successful products if they are to compete internationally, with employers warning that the ability to adapt quickly to new technologies will increasingly matter more than company size.
Invest Cyprus CEO Marios Tannousis outlines how greater access to growth capital, international partnerships and skilled talent can help turn the island into a hub for globally competitive startups
Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength a ...
Low cost Czech airlineSmartWings has announced that it will begin two flights every week between Larnaca and Prague in the summer of 2017.
The Central Bank of Cyprus said that it expects the Cypriot economy to expand 2.8% in 2017 before growth speeds up to 3% over the next two-year period.
Energy Minister Yiorgos Lakkotrypis says expanding exploration within Cyprus’ Exclusive Economic Zone (EEZ) and proceeding with the exploitation of the Aphrodite field were the two top priorities for the state in terms of its energy policy.
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.
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