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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 EBRD is providing a €10 million trade finance facility to Alpha Bank Cyprus for guarantees in favour of confirming banks to cover the political and commercial risk of trade finance instruments issued by Alpha to facilitate foreign trade finance activities.
Cyprus’ energy prospects were among the topics discussed recently by President Nicos Anastasiades with the Energy Strategy Council, with an eye towards making the Council a permanent institution in the future.
Cobalt Air has announced the addition of a sixth aircraft to the fleet.
The chairman of the Consultation Council of Oman, Khalid Al Mawali and Speaker of the House of Representatives Demetris Syllouris recently discussed ways to further strengtheneconomic ties between Oman and Cyprus.
The Co-operative Central Bank will offer loans for roof heat-proofing at favourable terms, in collaboration with the employers’ association (OEV), it was announced recently.
Cyprus and Luxembourg have signed a double tax avoidance and prevention of tax evasion treaty, based on the model convention of the Organisation for Economic Cooperation and Development, the Finance Ministry said.
Although residents and visitors to the town have admired Limassol’s transformation over recent years, Mayor Nicos Nicolaides says more improvements - to the tune of €22 million - are on the way.
Plans are currently in the pipeline to construct a new €60m mall close to the GSZ Stadium in Larnaca which will be unveiled next year.
The President of the Cyprus Shipping Chamber, Themis Papadopoulos, participated in the deliberations of the Executive Symposium: ‘Shaping the Future of the EU Maritime Transport Cluster’, which was held in Florence, Italy on 4-5 May 2017.
Building permits rose in the first two months of the year an annual 27% in terms of construction area to 182,520 square metres and 31% in terms of value to €200.8m, the statistical service said.
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