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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.
Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength a ...
Cyprus ranks 14th among the 28 EU member states, according to the Innovation Union Scoreboard for 2014.
Bank of Cyprus has completed the third phase of its share capital increase with its retail offer to shareholders, it said recently.
Domestic credit card use in local retail was up 4% to €2.24 billion in 2014 while transactions of Cypriot card spending abroad fell 8% last year reaching €1.15 billion.
Producer prices in construction fell 0.4% in the third quarter of 2014 compared to a year before and rose 1% compared to the previous quarter, the statistical service said recently.
Finance Minister Harris Georgiades said that the worst is over with non-performing loans (NPLs) in Cyprus’ banking system.
Top Kinisis Travel, the agency appointed by the government to re-ticket Cyprus Airways passengers, served 4,000 people on Saturday and Sunday in the wake of the national carrier’s demise.
Cyprus saw its revenue from tourism slump 12% in October 2014 compared to a year ago to €217 million, the statistical service said recently.
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
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