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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 ...
According to the results announced recently, the Cooperative Bank, Bank of Cyprus and Russian Commercial Bank (RCB) all recorded a surplus of funds while Hellenic Bank registered a deficit.
The Association of Cyprus Banks (ACB) has expressed satisfaction with the positive results of the Comprehensive Assessment of four Cypriot banks by the European Central Bank and the European Banking Authority.
Three Cypriot banks completed with a capital surplus the European Central Bank's comprehensive assessment, whereas one bank completed the exercise with a manageable shortfall.
Rating Agency Fitch has upgraded Cyprus' Outlook to positive from stable citing better than expected public finances performance and smaller budget deficits.
Cyprus Public Debt Management Office (PDMO) announced it approved applications amounting to €7.14 million for the purchase of sixth series of six-year government bonds for physical persons.
The industrial sector in Cyprus registered in 2013 a negative growth rate in real terms for a third year in a row.
Economic reforms in Cyprus are starting to yield results, the government said recently after one credit-rating agency upgraded its rating and a second its outlook for the bailed-out country.
The Eastern Mediterranean region is currently undergoing changes to its energy landscape and the recent discoveries of large hydrocarbon resources have the potential to drastically alter energy supplies and potential in Cyprus, said the Minister of Communications.
The ambitious oil storage terminal project at Vasiliko should be completed very soon, with the first shipments expected soon after, said company officials.
Standard & Poor’s ratings agency recently raised its long-term foreign and local currency sovereign credit ratings on Cyprus to ‘B+’ from ‘B’ on strong budgetary performance.
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