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Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength and its importance to the island’s economic performance.
The presence of American multinational energy corporation Chevron in Cyprus’ maritime exclusive economic zone (EEZ) constitutes a “vote of confidence” in the energy potential of both Cyprus and Europe, President Nikos Christodoulides said on Monday.
Cyprus stepped onto one of the world’s largest maritime stages this month, making its debut with a national pavilion at MARINTEC China 2025, as the government stepped up efforts to promote the country’s shipping and maritime technology sector internationally.
Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis. Tannousis addressed an i ...
The Bank of Cyprus announced recently that the sale of Aphrodite Hills has been completed, following its approval by the Cyprus Commission for the Protection of Competition.
Almost half a million passengers are expected to use the international airports of Larnaca and Paphos for their transportation in August 2015, with 2,900 flights expected to take place during the peak of the summer holiday season.
The average yield on 13-week Cyprus treasury bills fell to 2.08% at an auction this week from 2.18% at the previous sale on July 2, 2015, the Finance Ministry said.
Two recent landmark events have paved the way to boost trade and cooperation with Iran, while Cyprus officials have also stated that the island could become a bridge to the EU for Iran.
Unemployment in Cyprus dropped by 9.7% in July 2015, according to data released recently by the statistical service.
Immovable property tax for 2015 will be paid based on 1980s values, Interior Minister Socratis Hasikos said recently, accusing parliament of ignoring the fact that thousands of properties will not be taxed.
President Nicos Anastasiades said recently that at its next meeting, the Cabinet will set up a new mechanism to monitor the €517.5 mln in public projects announced so far in 2015 and ensure they do not get embroiled in red tape.
Global giants such as APM Terminals and China Ocean Shipping Company (COSCO) are among the port operators that have expressed an interest in the privatisation of Limassol Port, Transport Ministry sources said recently.
The University of Cyprus Economic Research Centre (ERC) says it expects Cyprus’ economy to grow 1.1% both in 2015 and 2016.
Egypt has completed a feasibility study into natural gas imports from Cyprus, Egyptian media are reporting.
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