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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 ...
The government wants to establisha new airline in succession of Cyprus Airways with the same brand name and logo in partnership with private investors.
Cooperative credit institutions in Cyprus have witnessed an influx of deposits totalling €260 million and an increase in their deposit base in the last two months of 2014.
The year 2015 will bring about a reckoning for Cyprus. Set to exit recession and back on international markets, the country is ripe for economic recovery – with tourism, energy and financial services driving growth
Cyprus Airways was shut down after the European Commission ruled that more than €102m in government support given to Cyprus Airways (CY) in 2012 and 2013 constituted illegal state aid and €66m had to be repaid.
Authorities further relaxed restrictions on capital movement citing “important progress” in stabilising the banking system and restoring investor and depositor confidence in the banking system, the Finance Ministry has said.
Cyprus will be showcased at 20 international business forums in 12 countries over the next 12 months, Commerce, Industry, Tourism and Energy Minister Giorgos Lakkotrypis said recently.
Services offered by the Co-op bank will be consolidated island-wide from 12 January 2015, after the network merged its logistics systems.
The European Commission has ruled that €102m in government support given to Cyprus Airways (CY) in 2012 and 2013 constituted illegal state aid, which could herald the end of the national carrier.
New routes to Paphos in Cyprus are to be introduced by Thomson and First Choice from Bristol airport for winter 2015-16.
Cyprus government bonds are expected to attract interest from foreign investors, according to sources, however, uncertainty in the markets about the future of Greece in the eurozone may affect the yield paid by the government.
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