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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 ...
Cyprus and China initialed Beijing, a Cooperation Protocol for exports of dairy products.
Τhe number of dwelling units recorded a significant increase of 14.1% in 2016.
Total deposits in the Cypriot banking system in January 2017 amounted to €49 billion, marking an increase of 6% year on year, according to data released by the Central Bank.
Wilbur Ross has resigned as vice-chairman of Bank of Cyprus (BoC) following his confirmation as US Commerce Secretary, the island’s biggest lender, announced recently.
Bank of Cyprus (BOC) made an after-tax profit of €64m in 2016, while Hellenic Bank reported a €62.7m loss according to the banks’ preliminary Group financial results published recently.
The government sold a total of €100m in 13-weeks treasury bills on February 28, with yields reaching -0.4%, a new all-time low as the downward trend continues, the Public Debt Management Office said.
Monetising the Aphrodite gas field is a top priority for the government, which based on expected future gas finds is also looking at options, including a liquefaction terminal at Vassilikos, President Nicos Anastasiades said recently.
Total tourism revenue rose in 2016 by 12% to below €2.4bn compared to 2015, the statistical service said.
The goal is to sign contracts for the development of the port and the marina of Larnaca by the end of 2017, Transport Minister Marios Demetriades said recently.
Impressive arrivals figures are boosting hopes that 2017 will be another successful year in the tourism trade.
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