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 Cyprus Chamber of Commerce & Industry (Keve), in conjunction with the Ministry of Energy, Commerce, and Industry and the Cyprus Youth Organisation (Onek), this week announced the second call for proposals for the New Entrepreneurship Support Scheme.

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.

Pareto Limited, a major shareholder in Atterbury Europe Holding B.V., has agreed to exchange part of its debt exposure in Atterbury Europe for a direct interest in both the Mall of Cyprus and the Mall of Engomi, according to an announcement.

Under George Ioannou’s guidance, Korantina Homes has become a pivotal force in transforming the real estate scene in Cyprus. The company's focus on innovative design and sustainable living has reshaped the way properties are developed on the island, emphasising the importance of integrating community well-being and environmental care into every project. Reflecting on the company's influence, George Ioannou has said, ‘In the world of real estate and hospitality, Korantina Homes has made a big impact, especially in changing Paphos City’.

The Companies Act (Cap. 113) in the Republic of Cyprus has recently been further amended to terminate the obligation of companies’ annual levy contribution for the year 2024 onwards. In addition, based on the aforesaid amendment, the annual levy contribution obligation for the years 2011 to 2023 (inclusive) is not affected and continues to burden entities subjected to such contribution.

MDigi-I Project receives €2.8 million from Cyprus Research and Innovation Foundation (RIF) to drive digitalisation in shipping industry

A long journey of milestones, difficult moments, and achievements for the country’s largest financial institution was how the Bank of Cyprus described its 125-year history.

The Cyprus Statistical Service (Cystat) has announced the release of its bimonthly bulletin, “Monthly Economic Indicators,” covering the period of January to February 2024.