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The updated development plan for the Aphrodite gas field is moving “in the right direction” President Nikos Christodoulides said on Monday, while sources suggested the government would be issuing its response in two weeks.
The Bank of Cyprus completed approximately 41 per cent of its maximum share buyback programme value by the end of August, according to an announcement by the bank.
The Cypriot economy grew by 3.6 per cent in the second quarter of 2024, compared to the same period in 2023, according to a report released this week by the Cyprus Statistical Service (Cystat).
Cyprus ranks fifth among EU countries in the progress achieved regarding research and innovation, Theodoros Loukaidis, Director General of the Res ...
The Central Bank of Cyprus said that following the upgrade of Cyprus’ sovereign credit rating to BBB- by Standard and Poor’s, Cypriot government securities have become again admissible for financial transactions in the Eurosystem.
Tourist arrivals reached a record high this August and in the first eight months of 2018, data released by the Cyprus Statistical Service recently show.
The upgrade of Cyprus’ sovereign rating back to investment grade by Standard & Poor’s after rating it junk for more than six years justifies the efforts of the past five years, the government said recently.
Non-performing loans in the Cypriot banking system rose by €13.9m in May 2018, to €19.9m, compared with April, mainly on households failing payments, the Central Bank said recently.
Hellenic Bank said it has agreed with the Finance Ministry to transfer another 4,559 overdraft accounts from the Co-op with a €21m balance and a limit of up to approximately €25m in an amendment of the agreement to acquire its operations signed on June 25, 2018.
There are 28 foreign banks operating in Cyprus.
Cyprus’ trade deficit shrank by 6.5% in the first seven months, to €2.4bn, mainly on a strong increase in exports which outstripped imports, the statistical service said.
A bill which will regulate the uncontrolled online rental of short-term accommodation moved a step closer to a vote in the plenary after recent discussion in the House Commerce Committee.
The economy expanded in the second quarter of 2018 by 3.9% compared to the same period of 2017, the statistical service said recently.
Cyprus’ economy expanded in 2017 an upwards revised 4.2% in real terms compared to a previous 3.9%, the statistical service said.
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