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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 Finance Ministry revised its 2017 forecast for growth marginally upwards to 2.9% and that of fiscal balance considerably upwards to a fiscal surplus of 0.2% of the economy, the Finance Ministry said.
The seasonally adjusted unemployment rate in Cyprus further decreased to 12.5% in March 2017 compared to 12.8% in February according to Eurostat, the Statistical Service of the EU.
The General Government’s financial assets stood at €15.42 billion at the end of December 2016, while its financial liabilities were at €28.39 billion, according to figures released recently by the Central Bank of Cyprus.
The tourism market is headed for another bumper year, with current data and trends suggesting arrivals will top the record 3.2 million visitors in 2016, MPs heard recently.
Revenue from tourism rose 24% to €46.6m in February compared to the respective month of 2016 after arrivals rose at a similar pace, the statistical service said.
Cyprus Airways has announced the first three destinations that will be included in its flight schedule for the first phase of its launch, to begin in June 2017.
Four years after the 2013 financial crisis, Cyprus has completed the economic adjustment programme ahead of the initial time frame without requiring the entire funds that were originally foreseen.
Over 100 exhibitors are taking part in what is set to be the largest boat show ever organised in Cyprus at the Limassol marina next week.
Deposits in the Cypriot banking system rose by €332.1m monthly in March 2017 to €49.6bn, the highest since July 2013, as loans rose by €132.8m to €55bn, the Central Bank of Cyprus said.
Government guarantees extended mainly to general government bodies fell last year to below €2bn from €3bn the year before, the Public Debt Management Office (PDMO) said.
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