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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 ...
President Nicos Anastasaides’ visit to Jerusalem was hailed by both countries as another step in growing ties between Cyprus and Israel.
RCB Bank, the Limassol-based private bank that passed the ECB’s stringent stress tests in October 2014, plans to expand its presence on the island by providing more corporate lending.
Cyta Hellas, the wholly-owned subsidiary of the state telco Cyta that is slated for privatisation, reported a turnover of €90.49 mln for 2014, with gross profits at €29.44 mln, up from €26.28 mln the year before.
The Public Debt Management Office of the Ministry of Finance announced that the recent auction of €50 mln 30-day Treasury Bills was oversubscribed by about 1.24 times, with the yield dropping to 1.75%, compared to 1.81% in the May auction.
IMF spokesman Gerry Rice recently praised Cyprus’ reform efforts, noting that they have started to pay off.
The Natural Gas Public Company (DEFA) has completed its evaluation of the bids for supply of natural gas for domestic electricity generation.
The trivago Hotel Price Index (tHPI) for June 2015 has revealed it is now cheaper to holiday in Cyprus than at this time last year.
Bank of Cyprus Public Company Ltd hasrepaid €500m of Emergency Liquidity Assistance (ELA) and €260m of European Central Bank (ECB) funding to its international creditors, the bank said in a statement recently.
Ship management revenues increased to €421 million during the second half of 2014, according to a Ship Management Survey.
MeritKapital Ltd., a Limassol-based licensed investment firm, has received an investment service extension from CySEC for the provision of 'Underwriting of financial instruments' for both a firm and soft commitment capability.
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