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The added value of Cyprus’ construction sector at current prices increased by 8.9 per cent in 2022, reaching €1.44 billion, up from €1.32 billion in 2021, according to the findings of the Construction and Land Development Survey.
The Research and Innovation Foundation (RIF) this week commented on the latest results from the European Innovation Scoreboard 2024, which once again reaffirms Cyprus’ progress in the field of innovation, classifying it as a Strong Innovator for the third consecutive year.
The Cyprus Investment Funds Association (CIFA) on Friday expressed satisfaction with the increase in Assets Under Management (AUM) of Cypriot investment funds.
Cyprus ranks fifth among EU countries in the progress achieved regarding research and innovation, Theodoros Loukaidis, Director General of the Res ...
Indian High Commissioner Ravi Bangar has expressed interest in the privatisations process at a meeting with the Minister of Communications.
Job prospects in the air transport industry are said to be positive, as according to experts, air traffic in Europe will increase by 5% in the next decade, a significant development for Cyprus.
Fitch Ratings has affirmed Bank of Cyprus (BoC) and Hellenic Bank (HB) Long-Term Issuer Default Rating (IDR) at ‘Restricted Default’ but has also upgraded their viability ratings to ‘cc’ and ‘ccc’ respectively from ‘f’.
Cyprus could return to the markets earlier than originally thought, according to the Finance Minister who said it was a fully feasible objective given the way things were progressing.
The island's business giants are throwing their weight behind a Cyprus solution, highlighting the enormous benefits it would bring to the economy across multiple sectors.
The Cyprus Securities and Exchange Commission will introduce a new automated system of risk based supervision by end of 2014.
CEO of Bank of Cyprus, John Patrick Hourican, says the management of the island’s largest lender aims at ‘a strong albeit smaller and safer bank’.
GDP rose by 0.3% in the euro area (EA17) and by 0.4% in the EU28 during the fourth quarter of 2013, compared with the previous quarter, according to second estimates published by the EU statistical office Eurostat.
Following another successful year of sales, the highly anticipated launch of Dioni Residences comes just a few months before the official opening of the fitness and spa, the shopping and dining area at Cyprus Limassol Marina.
By adopting a privatizations bill, Cyprus has fulfilled the prerequisites in order to receive the next tranche of its bailout, a senior European official has said.
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