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The Cyprus Chamber of Commerce and Industry (Keve) has released a statement reviewing the outcomes of a major business forum held in Nicosia earlier this week, where Cyprus and Chna explored opportunities to expand bilateral trade, attract investment and develop business partnerships.
Cyprus businesses will need to invest more, improve productivity and turn research into commercially successful products if they are to compete internationally, with employers warning that the ability to adapt quickly to new technologies will increasingly matter more than company size.
Invest Cyprus CEO Marios Tannousis outlines how greater access to growth capital, international partnerships and skilled talent can help turn the island into a hub for globally competitive startups
Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength a ...
Conference tourism rose 2.8% in 2014 compared to the previous year but the sector is being stifled by the lack of an independent large convention centre, the Cyprus Tourism Organisation (CTO) said recently.
Attracting investments is the Cyprus government’s top priority, President Nicos Anastasiades said from China, pointing out that foreign investments constitute the catalyst for economic growth, job creation and prosperity.
The Finance Ministry said that it is confident that the Cypriot economy will grow at a rate higher than forecast by international creditors following the seventh programme review.
The government could cut taxes in 2016 if the economy continues to strengthen, Finance Minister Harris Georgiades said recently.
Forced conversion of Swiss franc mortgages would create a moral hazard and make restructuring of non performing loans (NPLs) more challenging, Moody’s ratings agency said recently.
Cyprus will as of January 1, 2016 have a new tool in its arsenal to identify monies hidden abroad as the island will begin implementing the Common Reporting Standard (CRS), the Institute of Certified Public Accountants said recently.
Cyprus is looking to export natural gas to Egypt via the massive Zohr field, according to Energy Minister George Lakkotrypis.
The Chinese are showing huge interest in Cyprus property according to online searches on Juwai.com, the property portal found in a study, revealing the sunny island was the most popular across the Mediterranean.
Online gaming giant Wargaming.net, one of Hellenic Bank’s three major shareholders, has trimmed its stake in the lender from 26.2% to 24.8%, according to a stock exchange filing.
Arrivals in September 2015 were the highest in the history of the island’s tourism industry the Cyprus Tourism Organisation (CTO) said recently, with visitor numbers hitting 360,899, a 14% hike on the same month last year.
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