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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 ...
The Ministry of Finance announced it will issue new 6-year savings bonds for retail investors with a 4% coupon rate as of June 2014, replacing previous 3-year and government savings bonds.
Investors view Cyprus in a positive way, Finance Minister Harris Georgiades said recently, but warned that money will not start flowing into the country overnight.
The chairmen of three investment funds from Kuwait arrive in Cyprus to hold a series of meetings with the government and the Cyprus Investment Promotion Agency (CIPA).
John Defterios speaks with the developers behind a waterfront development hoping to make Cyprus island a luxury yachting destination.
A deal has been signed between the Cyprus Tourism Organisation and Edelweiss airlines to start operating direct flights from Zurich to Larnaca from November 2014.
The official website for the Paphos Tourism Board is boasting further success following the recent analytics report for 2013.
The Electricity Authority is entering the alternative energy market with a 3MWp solar park near Tseri that will come online in May 2014 and a larger 30MWp plant near Limassol by the end of 2015.
Bank of Cyprus has completed the sale of its Ukrainian business and stake in Banca Transilvania ahead of schedule.
The partners developing Israel's offshore Leviathan natural gas field, Delek Drilling are looking to sell gas through a pipeline to Cyprus, according to officials.
It has been reported that Canada is showing an interest in the developments of Cyprus' hydrocarbons sector, following a recent statement to this effect by the Canadian High Commissioner based in Athens.
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