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Cyprus shipping further strengthened its position as one of the island’s most important economic sectors in 2025, contributing around 7 per cent of GDP, approximately €1.9 billion, according to the Cyprus Shipping Chamber’s (CSC) annual report.
Cyprus’ real estate developers gathered in Limassol for their annual official dinner, at a time when one of the island’s most influential business sectors is being asked to do more than keep investment flowing.
Cyprus Airways and flydubai have announced the launch of a new interline agreement, aimed at strengthening international connectivity and offering passengers seamless access to an expanded network across the Middle East, Asia and Africa.
Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength a ...
Loan restructurings went ahead at a slow and steady pace to reach a total of €7.76 billion by the end of 2015 according to the Central Bank of Cyprus.
Officials from budget airline RyanAir have been in Paphos to look at newavenues of co-operation with the town.
Paphos, as the mythical birthplace of the goddess of love, is increasingly becoming a popular destination for civil weddings, municipalities and tourist agencies said recently.
US firms are keen to invest in renewable energy sources in Cyprus, former secretary of state Madeleine Albright said in Nicosia recently.
Bank of Cyprus (BOC) Emergency Liquidity Assistance (ELA) was reduced by €100 million in March 2016, to €3.3 billion.
Cyprus recorded a zero budget deficit in 2015 according to the latest figures from the Statistical Service, Cystat.
Cyprus recorded a massive improvement in the amount of EU funds absorbed into the island’s Rural Development Project aiming to develop rural areas and production and encourage the creation of more jobs in the farming industry.
The Ayia Napa beachfront will be redesigned on a budget of €6.5m, and will include new walkways, a bike path, playgrounds, piers, beach volley and beach soccer courts, a skate park, and more.
The new under-ministry, or state secretariat for tourism, could be up and running by January 1, 2017 President Nicos Anastasiades said recently.
A Lebanese investor who has purchased land worth €3.5m in Larnaca recently announced plans to invest a further €15m to build luxury apartments on the site.
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