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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 ...
Industrial production rose an annual 9.6% in August 2016 aided by a strong growth in manufacturing, mining and quarrying, the statistical service said.
The liquidity shortfall in the Cypriot banking system fell by €437.3m on a montly basis in September 2016, to €6.1bn, the lowest since February 2013.
Eurozone ministers on November 7 2016 will be informed on the findings of the first post-programme surveillance mission to Cyprus, which took place at the end of September this year.
Residential and most commercial property prices rose in the second quarter of 2016 driven by an increase in rents in most property categories, as economic growth is consolidating, the Cypriot division of the Royal Institute of Chartered Surveyors said.
Bank of Cyprus’ chief executive officer John Hourican said the lender may consider the issue of new tier 2 capital to further strengthen its balance sheet.
The members of the European Parliament are expected to vote on a special provision whereby the EU would pay up to 85% of project costs in Cyprus until the closure of the 2014-2020 programmes.
The exact timing of Bank of Cyprus’ induction in the London Stock Exchange remains uncertain according to the President of the Managing Board of Bank of Cyprus, Joseph Ackermann.
The European Parliament said that it agreed to extend Cyprus’ eligibility for an 85% co-financing ratio for European programmes beyond June 2017.
Cyprus’ debt-to-GDP ratio has dropped further by -0.3% to reach 109% in the second quarter of 2016 according to Eurostat.
The commercialisation of Cyprus’ passport, made possible by special government schemes addressing wealthy buyers, prompted BuySell Real Estate, the Paphos-based real estate agency, to launch a new product which provides most of the required funds.
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