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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 ...
Revenue from tourism rose 22% year-on-year, in January to €35.4m, the statistical service said.
The unemployment rate in Cyprus dropped to 12.9% in February, from a downward revised 13.1% in January and 13.4% in February last year, the European Union’s statistical office said.
European and Israeli governments gave their support to moving forward with a Mediterranean pipeline project to carry natural gas from Israel to Europe, setting a target date of 2025 for completion.
Industrial producer prices increased in Cyprus by 0.3% in February 2017 on a monthly basis and by 1.6% on an annual basis, according to Eurostat.
The IMF has warned banks in Cyprus not to rely on rising property prices and economic growth to cut their high levels on non-performing loans (NPLs).
Cyprus’ three systemic banks have submitted three-year plans to the European Central Bank (ECB) on how to reduce their non-performing loans (NPLs), with pressure from regulators who are beginning to warm to the idea of a single, bad bank.
The visit to Cyprus this coming week by a senior US energy official is an important development and a signal from the US government of its support for the island’s hydrocarbons development, Government Spokesman Nicos Christodoulides said recently.
Earnings in Cyprus have risen for the first time in four years according to preliminary estimates from the Statistical Service, Cystat.
Energy Minister Yiorgos Lakkotrypis has said that there is increased interest from Italy for an EastMed pipeline, making it more likely that the ambitious infrastructure project moves ahead.
Construction at the Ayia Napa Marina is moving ahead smoothly according to a press release by the Caramondani company heading the development.
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