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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 ...
Cypriot businesses called on the government to look into the possibility of lodging a complaint against Greece if it did not withdraw a decision to impose a 26% punitive tax on imports from certain countries, including Cyprus.
Energy Minister Yiorgos Lakkotrypis and labour unions at the Electricity Authority of Cyprus agreed to call for a new tender for a study on the state-owned power producer’s privatisation under new terms in the next 15 days.
The decision to lift capital restrictions showed that the banking system is stabilising, the banks’ association said recently, as the island put an end to a state of affairs introduced two years ago.
Cyprus will participate, for the third consecutive year, in the NASA Space Apps Challenge 2015, which brings together people of diverse scientific backgrounds, in order to address engineering issues through specific challenges.
Finance Minister Harris Georgiades said that Cyprus could restore its creditworthiness and return to the markets in the coming months, even as 2015 will be a difficult year for the economy.
The Unit for Combating Money Laundering (MOKAS) has acquired from the UN a new system for the implementation of the project entitled 'Strengthening MOKAS Capacities and Improve Efficiency to Detect Money Laundering and Financing of Terrorism'.
Bureaucracy, lack of confidence in the banking system, and delays in decision making were cited as Cyprus’ main disadvantages in a survey of foreign companies operating on the island.
The Cyprus shipping industry is in need of rebranding and restructuring to enhance competitiveness, Communications, Works and Transport Minister Marios Demetriades said recently.
A group of Cypriot businesses with strong presence in Greek markets have engaged the Cyprus Chamber of Commerce and Industry, in a concerted effort to decide on a response to the Greek government’s decision to impose a 26% punitive tax on imports from certain countries.
The lifted controls on the movement of capital that have been in place for the last two years is a positive development for the economy, said President Anastasiades at a recent news conference.
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