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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 ...
In October 2016, compared with September 2016, industrial producer prices rose by 0.8% in the euro area (EA19), by 1.0% in the EU28 and remained unchanged in Cyprus, according to estimates from Eurostat.
Business transactions over the Internet saw an upward trend in Cyprus, businesses started using more high speed Internet connections and a small increase of companies choosing to have a website was also recorded, recent data released by the Cyprus Statistical Service shows.
The trade deficit in January to October 2016 widened by €619.5m to €3.5bn compared with the respective period of last year, or an annual 22%, the statistical service said.
Cyprus’ economy expanded an annual 2.9% in the third quarter and 0.7% compared with the previous quarter, the statistical service said, affirming a previous flash estimation.
The Limassol casino intends to raise the bar for casinos worldwide, according to the Melco-Hard Rock consortium, the winning bidder of the Republic of Cyprus’ first casino resort.
Paphos has hosted 3.9 million tourists in the first three quarters of the 2016, a 7.1% increase on last year’s figures, of whom half came from the United Kingdom and about a third from Russia, Cyprus Tourism Organisation boss Angelos Loizou said recently.
The number of building permits authorised by the municipal authorities and the district administration offices during September 2016 stood at 467 according to the Cyprus Statistical Service.
The government’s planning on important issues, such as privatisations, has not been altered due to the approval of cutbacks to the 2017 state budget by the House of Representatives, said the Minister of Finance, Harris Georgiades.
Cyprus plans to be out and about in bond markets next year, Finance Minister Harris Georgiades said, after a successful first debt sale in July since its 2013 banking collapse and bailout.
The number of company registrations in November 2016 rose an annual 29% to 1,402, which is the highest figure in a single month since January 2013, the department of Company Registrar and Official Receiver said.
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