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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 ...
Investment funds and wealthy investors from Russia and China and other Far Eastern countries are purchasing prime real estate in Cyprus.
An increase of 37% in construction permits was recorded in January 2017 compared to the same month last year according to the Statistical Service.
The chairman of the euro area finance ministers, Dutchman Jeroen Dijsselbloem, said that the economic performance of Cyprus is “very strong and very good” and that growth may exceed 3% this year.
Inflation climbed 1.9% in March 2017 compared with March 2016, recording the highest rise since October 2012.
The number of company registrations rose 8.9% in March, to 1,315, compared to the respective month of 2016, the Department of Registrar of Companies and Official Receiver said.
Cyprus can develop into an important energy hub in the Mediterranean, Transport Minister Marios Demetriades said recently, adding that government policy will include Cyprus’ future maritime transport needs for the island’s hydrocarbons.
The price of home prices rose in the fourth quarter of 2016 an annual 2.8% and 3.1% compared with July to September, the statistical service said.
Highly anticipated and already in demand, the only apartments in the sea in the Mediterranean have just been released for sale.
India announced its decision to extend the eVisa facility to Cypriot passport holders for tourism purposes.
The number of registered unemployed persons in Cyprus declined to 39,088 in March this year, marking a reduction of 8.6% compared to March 2016, the Cyprus Statistical Service (Cystat) said recently.
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