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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 ...
Larnaca-based Cobalt Aero plans to start charter operations in May 2016 and scheduled flights in June while their first aircraft is expected in Cyprus in a few days, CEO Andrew Pyne told the press.
Cyprus’ nominal gross domestic product rose 0.2% in 2015 to over €17.4bn after shrinking 3.7% the year before, the statistical service said.
The UK-Cyprus Enterprise Council (UKCEC) announced the latest addition of two UK Cypriots to its team of professionals working towards enhancing trade and partnerships between the two countries.
The lowest annual inflation rate has been registered in Cyprus (-2.2%) in January 2016, according to Eurostat, the statistical office of the European Union.
Finance Minister Harris Georgiades said that the economy of a reunified Cyprus requires the introduction of strict rules governing both public finances and the banking sector which will strengthen financial and political stability.
The Cyprus Stock Exchange (CSE) experienced slight gains at close of trading on March 16, 2016 after the down-turn just one day earlier.
Cyprus must not become complacent in its ongoing efforts to consolidate its recovering economy, the island’s Finance Minister Harris Georgiades said recently.
Home prices remained unchanged in the fourth quarter of 2015 compared to the previous quarter for the first time since 2010 as a quarterly increase in house prices offset a decline in flat prices, the Central Bank of Cyprus said.
Tourism arrivals rose 23.9% in the first two months of 2016, the statistical service Cystat said recently.
Recently the Supreme Court of the United Kingdom in the case of JSC BTA Bank v Ablyazov [2015] UKSC 64made a landmark decision on the construction of freezing orders.
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