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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 ...
Cyprus is expecting a significant increase in the number of visitors from the UK and Germany in 2015, according to predictions from the Association of Cyprus Travel Agents (ACTA).
Nicos Anastasiades is expected to visit Israel soon after Prime Minister Benyamin concludes his ‘unity government’, Government Spokesman Nicos Christodoulides said, after the President met with outgoing Foreign Minister Avigdor Lieberman.
New Legacy Laiki administrator Chris Pavlou intends to move fast on the sales of assets of 'Legacy Laiki' – the assets that remained with Laiki bank after loans and deposits net of haircuts were transferred to Bank of Cyprus (BoC) in 2013.
The time has come for the Cypriot banks to offload their bad loans and start dealing with core banking business of taking deposits and lending, Hellenic Bank Chairwoman Irena Georgiadou told the press recently.
Cyprus should return to its traditional markets of Germany and the United Kingdom, without ignoring new arrivals from Russia in recent years and the rise in the number of new tourists from other ‘emerging’ markets, the island’s tourism board chairman Angelos Loizou said recently.
Offshore driller Noble Corporation (also active in Cyprus' waters)has signed up three of its rigs for work in the Middle East, inking a pair of contract extensions and a fresh deal for a previously idle unit worth $179 mln.
Ever since Cyprus realised the political, economic and social importance of shipping, as early as 1963, the island’s registry has boomed and today ranks tenth among international merchant fleets.
HELLAS Sat Consortium Ltd is operating the largest solar park in Cyprus, the company announced recently.
The increased use of plastic money in March 2015 was insufficient to completely offset lost ground in the first three months of the year, JCC Payment Systems Ltd, the card-possessing joint venture of local banks, said.
Bank of Cyprus said it entered an agreement with the European Investment Fund, which will allow it to offer up to €60m in loans to small and medium size enterprises at favourable terms.
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