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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 trade deficit of Cyprus increased to €4.223,4mn in 2016, from €3.402,0mn in 2015, the Statistical Service said recently.
A series of projects coordinated by the Limassol Development Company (ANELEM) will see millions in EU funds being used to help make communities in the district more attractive to tourists.
The number of property transactions dropped 9% in February 2017 to 456 compared to the respective month of 2016, the Department of Lands and Surveys said.
The president of the European Investment Bank Werner Hoyer said that while Cyprus’s economy “made huge progress” following the financial crisis of 2013, the unemployment rate remains high and much remains to be done.
Italian energy major Eni has finalised a farm-in agreement with France’s Total to acquire 50% participating interest of Block 11, offshore Cyprus.
Reborn Cyprus Airways expects to get an air operator certificate within days followed by a commercial license in a couple of weeks so as to begin selling tickets.
Cyprus’ GDP growth rate during Q4 2016 was estimated at +3%, the island’s statistical service reported recently.
The value of plastic money transactions rose 9% in February 2017 to €195.2m compared to the respective month of 2016, JCC Payment System Ltd said.
Cyprus recorded robust real GDP growth of 2.8% year on year in Q4 2016 putting Cyprus in the top 10 in the EU, according to Eurostat.
On 1 March 2017, the Bank of Cyprus announced the Preliminary Group Financial Results for the year ended 31 December 2016, recording a profit after tax of €64 million for 2016 marking the Bank’s first profitable year after the 2013 economic crisis.
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