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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 ...
An Egyptian businessman, Naguib Sawiris, will invest some €220 million in the construction of the marina in Ayia Napa, it emerged recently.
The government may still have a small window to get oil major Total not to call off a search for oil and gas, after the company let it be known it had identified no drilling targets in its two offshore concessions.
The Chairman of the Egyptian Exchange, Mohamed Omran, recently visited the Cyprus Stock Exchange with a view to discuss ways to further enhance existing cooperation between the two Exchanges.
Greek carrier Aegean Airlines will launch a new route from Larnaca to London Heathrow in March 2015.
Hotel operator and villa constructor Claridge Public Limited said it accepted a bid by K.A. Olympic Lagoon Resort Ltd to buy Amathus Beach Hotel Paphos plus two apartments at Apollo Heights for a total of €35 million.
Cyprus-based investment firms lost some €42.5 million after the Swiss National Bank decided recently to scrap the minimum exchange rate with the euro, but the majority remained unaffected.
The Electricity Authority of Cyprus (EAC) has announced a 7% reduction in the price of electricity, with the price projected to fall further in the near future.
IronFX is in talks to buy fellow online forex broker Alpari UK, which was forced into administration after suffering heavy losses on the Swiss franc, the Cyprus-based company’s chief operating officer said recently.
The government is planning to offer up to €125 million of 13-weeks treasury bills on February 3, 2015 the Finance Ministry said recently.
Hellenic Bank will provide €70 million of new loans to Cypriot companies with an interest rate starting from 3%, CEO Bert Pijls announced recently.
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