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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 ...
New Legacy Laiki administrator Chris Pavlou intends to move fast on the sales of assets of 'Legacy Laiki' – the assets that remained with Laiki bank after loans and deposits net of haircuts were transferred to Bank of Cyprus (BoC) in 2013.
The time has come for the Cypriot banks to offload their bad loans and start dealing with core banking business of taking deposits and lending, Hellenic Bank Chairwoman Irena Georgiadou told the press recently.
Cyprus should return to its traditional markets of Germany and the United Kingdom, without ignoring new arrivals from Russia in recent years and the rise in the number of new tourists from other ‘emerging’ markets, the island’s tourism board chairman Angelos Loizou said recently.
Offshore driller Noble Corporation (also active in Cyprus' waters)has signed up three of its rigs for work in the Middle East, inking a pair of contract extensions and a fresh deal for a previously idle unit worth $179 mln.
Ever since Cyprus realised the political, economic and social importance of shipping, as early as 1963, the island’s registry has boomed and today ranks tenth among international merchant fleets.
HELLAS Sat Consortium Ltd is operating the largest solar park in Cyprus, the company announced recently.
The increased use of plastic money in March 2015 was insufficient to completely offset lost ground in the first three months of the year, JCC Payment Systems Ltd, the card-possessing joint venture of local banks, said.
Bank of Cyprus said it entered an agreement with the European Investment Fund, which will allow it to offer up to €60m in loans to small and medium size enterprises at favourable terms.
The better than expected fiscal developments in 2014 will allow the government to reduce its outstanding short term debt by €200m to €500m, the public debt management office said recently.
The construction sector saw its output drop almost 19% in the fourth quarter of 2014 compared to a year ago, accompanied by a marginal 0.1% increase in producer prices, the statistical service said.
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