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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 ...
Cyprus has already applied for regional membership to the fledgling Asian Infrastructure and Investment Bank, according to President Anastasiades.
The real estate market in Cyprus is on the recovery, following in the footsteps of the country’s overall economic activity.
Three airlines will promote Cyprus as part of a €2 million pilot programme, undersecretary to the President Constantinos Petrides said recently.
An increase of 6.5% was recorded in revenues from tourism in July 2015 compared to July 2014, according to data released by Eurostat recently.
The trade deficit narrowed to €2.15 bln in the first eight months of the year, compared to €2.27 bln in the same period in 2014, according to the Statistical Service Cystat.
The Cyprus Shipping Chamber is calling on the government and all stakeholders to quickly establish the legal framework within which the oil and gas sector will operate.
A European Union directive on bank deposit guarantee schemes (DGS) is expected to be transposed into the island’s legislation by the end of the October 2015, as Cyprus faces hefty fines if it continues to delay its approval.
U.S. billionaire Wilbur Ross said that he was optimistic that he would recover his investment in Bank of Cyprus asthe situation with the lender’s bad loans was improving, and added that he hoped Cypriot voters would not risk a change in the direction of Cyprus’ economic recovery.
France’s Total will extend an offshore natural gas exploration programme in Cyprus after coming up empty in prior surveys.
The recovery of economic activity in Cyprus is forecast, according to the Economic Research Centre of the University of Cyprus, with real GDP growth for 2015 revised upwards from 1.1% in August to 1.3%.
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