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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 Cyprus International Institute of Management (CIIM) has unveiled an April 2016 workshop for people interested or in the process of setting up an international operation from scratch or expanding existing operations to new markets, which can present a major challenge at times.
Tourism Minister Yiorgos Lakkotrypis is in Russia, where he will attend the Moscow International Travel & Tourism Exhibition (MITT) and have meetings with Russian officials on energy and tourism.
The Industrial Turnover Index for the period January–December 2015, showed a decrease of 2,1% compared to the corresponding period of the previous year, according to recent data released by the Statistical Service of Cyprus.
Cyprus decisively continues to reform and restructure and is confident that it will overcome the remaining challenges, said Government Spokesman Nikos Christodoulides recently.
The European Bank for Reconstruction and Development (EBRD) is stepping up its support to Cypriot exporters and importers with a €20 million trade facility to Hellenic Bank under the EBRD’s Trade Facilitation Programme (TFP).
Almost €300 million has been spent in credit card transactions by Greek Cypriots and Turkish Cypriots since the checkpoints opened in 2003.
Cyprus saw a spike in tourism reservations from the German market at one of the industry’s biggest and most important tourism exhibitions – the ITB in Germany.
The job vacancy rate in Cyprus was 0.7% in the fourth quarter of 2015, up from 0.3% in the same quarter of 2014, placing Cyprus fourth lowest amongst the EU28, according to recent figures published by Eurostat.
Standard and Poor’s (S&P) rating agency affirmed Cyprus’ long and short-term sovereign credit ratings at ‘BB-/B’, with a positive outlook, expecting the economy to grow at more than 2% over 2016-2019.
The Cyprus Stock Exchange (CSE) experienced a negligible drop on Monday, March 21 at lunchtime (12.40), with the General Index make losses of 0.06% and the FTSE/CySE 20 Index down 0.08%.
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