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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 ...
Minister of Energy, Commerce and Tourism Giorgos Lakkotrypis and a team of ministry officials visited the site of the Ayia Napa marina recently to monitor the progress of the construction works.
The House plenum has approved a bill providing for a state guarantee needed for the acquisition of certain parts of the Co-op bank by Hellenic to go through.
In a convoluted bid process which has seen the highly anticipated new marina in Paphos being passed from developer to developer, a final decision has given the project to Pafilia.
The Central Bank of Cyprus significantly revised its 2018 economic growth forecast upward to 4.1% from a previous 3.4% citing strong exports and domestic demand.
Fiscal risks to Cyprus’ outlook have increased considerably due to the uncertainties surrounding the sale of the Cyprus Cooperative Bank and the associated government bond issuance, the European Commission said in its post-programme surveillance report.
The number of property transactions rose 2% year-on-year in June 2018, to 858, which is the lowest rate of increase in 14 months, the land registry said.
The annual inflation rose last month to 2.3% from 1.3% the month before mainly on more expensive energy products, the statistical service said.
Casino operator Melco International Development has opened the first temporary casino in Limassol, Cyprus, the C2, on Thursday, 28 June 2018.
Finance Minister Harris Georgiades said that the government guarantees to Hellenic Bank, part of its agreement to acquire the Co-op’s operations, are fiscally manageable, the Cyprus News Agency (CNA) reported recently.
Building permits rose in the first four months of 2018 an annual 25% in terms of construction area to 480,385 square metres and 28% in terms of value to €517m, the statistical service said.
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