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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 ...
The Central Bank of Cyprus said that it amended an anti-money laundering directive by clarifying and enhancing banks’ ‘Know Your Customer’ obligations, requiring them to know the identity of their customers, as well as their financial profile.
The European Commission is evaluating the fiscal impact of a possible reunited Cyprus, its Vice President Valdis Dombrovskis said, welcoming the end of the island's economic adjustment programme.
ON THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME:
Greek airline Ellinair will later in April 2016 begin its first flights out of Cyprus, opening up three weekly routes between Larnaca and Salonica.
Lobby groups and business associations from Cyprus and India are working to build trade relations between the two countries with an eye to a new double taxation agreement that is being negotiated.
Minister of Finance Harris Georgiades has said that it was a mistake for Cyprus not to enter the support programme sooner.
Cyprus’ tourism sector needs to increase its productivity in order to become more competitive, according to a study by the University of Cyprus’ Economics Research Centre (CypERC).
A listing to the London Stock Exchange and a premium listing is the right thing to do, Bank of Cyprus' John Patrick Hourican has said.
Construction projects which obtained a building permit in January dropped an annual 14% in terms of construction volume and 3.3% in terms of area to 69,327 square meters and €73m respectively.
Bank of Cyprus recently announced plans to sell Kermia Hotels Ltd and adjacent land, in line with the Group’s strategy of deleveraging through the disposal of non-core exposures to focus on core businesses and strengthening its capital position.
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