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Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis. Tannousis addressed an international audience at the 10th International Funds Summit & Expo in Nicosia, presenting the island’s unique advantages, including financing schemes and incentives for global investors.
The Cyprus government recorded a reduced deficit of €39 million in the second quarter of 2024, marking a sharp improvement from the €260.8 million deficit reported for the same period last year.
Cyprus and Egypt are set to deepen maritime collaboration through a joint commission, established during Deputy Shipping Minister Marina Hadjimanolis’ recent visit to the country.
Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis. Tannousis addressed an i ...
Business owners, entrepreneurs and investors from the Middle East set their sights on Limassol as a second business home location
Cyprus and Estonia share a common outlook on many issues, President Nicos Anastasiades said on Friday continuing his official visit there, where he met Prime Minister Kaja Kallas in Tallinn.
A minimum national wage by law which is expected to be approved by parliament soon and enforced at a later stage has three exemptions, Philenews reported on Friday.
Tourist arrivals to Cyprus in March 2022 amounted to 128,840, with arrivals for the first quarter of the year reaching 244,705, according to data released on Thursday by the Cyprus Statistical Service (Cystat).
New general health scheme (Gesy) agreed regulations also provide an increased number of physiotherapy sessions to people with brain damage and not only, Philenews reported on Friday.
The 400-capacity ferry MV Daleela will embark on the first passenger maritime link between Cyprus and Greece for two decades, conducting 22 round trips between Limassol and Piraeus this summer with a three-year agreement worth €16.4 million.
The legislation in Cyprus does not give the right to the Labor Minister to transfer the May 1 holiday, which is on Sunday, to Monday, as this will be done in Greece.
Cyprus’ fiscal accounts in the last quarter of 2021 generated a surplus of €37.7 million compared with a deficit of €648 million in the respective period of 2020.
Cyprus has enough wheat for human consumption to last for at least another three months despite shortages created in supply due to the Ukraine war, Agriculture Minister Costas Kadis said.
The government anticipates that the European Commission will soon give it the green light to roll out the ‘mortgage to rent’ scheme.
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