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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 ...
The Finance Ministry’s Public Debt Management Office said that the government sold a total of €100m in 13-week treasury bills at an average yield of 0.02%, which is the lowest ever.
Sapienta Economics projects a real GDP growth rate of 2.6% in 2017, following an estimated growth rate of 2.8% in 2016.
Recent changes to property taxes in Cyprus will benefit both those who have purchased property and those planning to purchase.
Revenue from tourism rose in October 18% to €266m compared to the respective month of 2015, the statistical service said.
An extraordinary shareholders’ general meeting of the Cooperative Central Bank (CCB) approved the lender’s merger with the 18 separate cooperative saving banks (CSBs) it administers,the bank said.
Deposits in the Cyprus banking system registered a net increase of €358 million in November 2016, whereas loans recorded a marginal decline, figures released by the Central Bank of Cyprus (CBC) show.
Greece’s largest lender Piraeus Bank said that it had completed the sale of a majority stake in its Cyprus subsidiary to Holding M. Sehnaoui SAL for €3.2m, reducing its stake to 17.7%.
Representatives of the three successful bidders in Cyprus’ third energy licensing round are meeting with Energy Minister Giorgos Lakkotrypis to jot down plans for negotiations early next year.
A deal has been struck between the consortium holding the marine services concession at the port of Limassol and EDT Offshore, allowing French oil major Total to drill its first exploratory well on schedule.
The unemployment rate dropped in the third quarter of 2016 to 13%, compared with 14.8% in the respective period of 2015 and 12.1% in the second quarter, the statistical service said.
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