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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 ...
During the fourth quarter of 2016 there was a decrease of €452 million in total NPFs, with the largest part of the fall exhibited in November and December 2016 by €211 million and €204 million, respectively.
The recent Eurogroup meeting essentially validated Finance Minister Harris Georgiades’ arguments that a set of European Commission proposals towards Nicosia for fiscal reforms are unnecessary and based on faulty methodology.
Cyprus Central Bank data shows that in one year troubled loans decreased by €3b, while in two years they decreased by €3.7b.
A delegation from the International Monetary Fund (IMF) will arrive in Cyprus at the end of March 2017 for talks with Cypriot officials and bankers as part of the island’s post bailout programme surveillance.
A total of five expressions of interest for the development of the Larnaca port and marina have been received according to the government.
TUS Airways will launch direct flights from Paphos to Israel in the summer, it was announced recently
The government approved contracts that granted three energy companies concessions for gas exploration in Cyprus' continental shelf, Minister of Energy, Yiorgos Lakkotrypis has said.
Standard & Poor’s rating agency upgraded its assessment of Cyprus to BB+ from BB, with a stable outlook.
At the end of March the Cyprus economy, its fiscal reforms and the financial system will go through the standard tests of the Commission and European Central Bank which are conducted every six months.
Cobalt has announced that it will be operating scheduled flights from Larnaca to Zurich, Switzerland as from April 14 2017.
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