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Fitch Ratings has upgraded the Long-Term Issuer Default Rating (IDR) of the Bank of Cyprus (BoC) to BBB- from BB+, assigning a positive outlook.
The Deputy Ministry of Shipping is advancing plans to construct new headquarters on the site of the former ‘Nemitsas’ factory in Limassol, following recently introduced public investment procedures.
Tourist arrivals in Cyprus recorded a year-on-year increase of 7 per cent in February 2025, with an additional 32,865 visitors arriving on the island during the first two months of the year.
Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis. Tannousis addressed an i ...
Regional energy cooperation is key for both cost effective growth in the area, political stability and environmental protection, said speakers at the recent 5th Mediterranean Oil & Gas Conference in Nicosia.
Casino licences should be expected by Spring 2015, the government said recently, as legislation on the matter is scheduled to be ready at the end of the May 2014.
The Cyprus Tourism Organisation (CTO) has concluded a deal with the largest British tour operator that is expected to significantly boost arrivals from the United Kingdom, commerce minister Giorgos Lakkotrypis revealed recently.
The cooperative sector's positive track, following its recapitalization, will be reflected in the fourth review of Cyprus' adjustment programme by the troika, says Chairman of the Board at the Cooperative Central Bank.
Cyprus one year after the collapse of its banking sector is well underway on a path to full recovery, says President of the Republic Nicos Anastasiades.
Cyprus was among three countries that recorded the largest decrease in CO2 emissions from energy use in the EU.
Based on the seasonally adjusted data that shows the trend of unemployment, the number of registered unemployed for April 2014 decreased by 1,988 to 48,384 persons compared to 50,372 in the previous month.
The government is focusing on establishing a private financing corporation in a bid to process and divert financial assistance from foreign, national and international financing organisations to small and medium-sized enterprises, says the government spokesperson.
Delegates from the troika’s Cyprus mission resume their meetings with various government officials and other stakeholders as part of the representation’s fourth review of Cyprus’ adjustment programme.
State carrier Cyprus Airways (CY) has signed an agreement with Top Kinisis Hellas to be represented by the travel giant in Greece.
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