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The Cyprus government recorded a fiscal surplus of €918.7 million in 2023, constituting 3.1 per cent of the Gross Domestic Product (GDP), with government debt reaching €23.03 billion, accounting for 77.3 per cent of GDP, according to a report by the state’s statistical service.
The Finance Ministry, in collaboration with SIX, a financial market infrastructure company, and the Cyprus Stock Exchange (CSE), on Thursday announced the successful activation, referred to as going live, of the dual-listing of Euro Medium Term Notes (EMTN) of the Republic of Cyprus at the Cyprus Stock Exchange.
Deputy Minister of Tourism Kostas Koumis and Ambassador Khaled Yusuf Ahmed Al Jalahma from the Kingdom of Bahrain, who is based in Tel Aviv, held a meeting on in Nicosia, according to an announcement released by the Cypriot tourism ministry.
Cyprus ranks fifth among EU countries in the progress achieved regarding research and innovation, Theodoros Loukaidis, Director General of the Res ...
Paphos, as the mythical birthplace of the goddess of love, is increasingly becoming a popular destination for civil weddings, municipalities and tourist agencies said recently.
US firms are keen to invest in renewable energy sources in Cyprus, former secretary of state Madeleine Albright said in Nicosia recently.
Bank of Cyprus (BOC) Emergency Liquidity Assistance (ELA) was reduced by €100 million in March 2016, to €3.3 billion.
Cyprus recorded a zero budget deficit in 2015 according to the latest figures from the Statistical Service, Cystat.
Cyprus recorded a massive improvement in the amount of EU funds absorbed into the island’s Rural Development Project aiming to develop rural areas and production and encourage the creation of more jobs in the farming industry.
The Ayia Napa beachfront will be redesigned on a budget of €6.5m, and will include new walkways, a bike path, playgrounds, piers, beach volley and beach soccer courts, a skate park, and more.
The new under-ministry, or state secretariat for tourism, could be up and running by January 1, 2017 President Nicos Anastasiades said recently.
A Lebanese investor who has purchased land worth €3.5m in Larnaca recently announced plans to invest a further €15m to build luxury apartments on the site.
Seven leading construction companies have submitted their bids as plans for building an Ayia Napa marina are entering their final stage.
Any potential new gas finds in waters off Cyprus will determine whether the government will move forward with the strategic goal of building a land-based plant to process gas for export abroad.
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