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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 ...
Eurogate Container Terminal Limassol Ltd said that it intends to invest €30m in upgrading infrastructure and services at Limassol Port, including two new crane bridges.
The Cypriot economy expanded 3.4% in the first quarter of the year, compared to the respective three-month period of 2016, and a seasonally adjusted 3.3%, the statistical service said citing a flash estimate.
Bank of Cyprus has agreed to sell a small number of restructured non-performing loans of developers and construction companies to a smaller undisclosed lender, a banking source confirmed recently.
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.
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