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The first investments from the Cyprus Equity Fund, established by the Cypriot government in collaboration with the European Investment Fund (EIF), are expected to commence in the autumn, it emerged on Thursday.
The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced important updates related to its anti-money laundering (AML) exams for certified persons.
Despite numerous challenges, the Cyprus real estate market has shown resilience in the first half of 2024, with a notable increase in activity, according to the Cyprus Real Estate Agents Registration Council.
Cyprus ranks fifth among EU countries in the progress achieved regarding research and innovation, Theodoros Loukaidis, Director General of the Res ...
In its mission to always provide a high-class living experience, Plus Properties Cyprus launched its latest luxury residential project in Larnaca: 'The Pearl of Mackenzie'.
The unemployment rate in Cyprus fell in April 2017 to 11.6%, remaining the third-highest in both the euro area and the European Union, the EU’s statistical office Eurostat said.
The central cooperative bank (CCB) said recently it has recorded a net profit of €7m in 2016 even after raising its provisions for bad debts by €116.5m.
The Index of Industrial Production recorded an increase of 8.7% in the period January-March 2017, compared to the corresponding period of the previous year.
Minister of Transport, Communications and Works, Marios Demetriades, is in London to promote Cyprus as shipping destination.
Representatives from the majority of Cyprus Investment Firms participated in an event organised by the two largest Advisory Groups in the sector, K.Treppides & Co and MAP S.Platis, titled 'Is Cyprus capable of remaining the leading jurisdiction for financial services in EU?'.
Bank of Cyprus, the island’s largest lender, said that it generated a €2m after tax profit in the first quarter of the year, as much as in the past quarter, compared to €50m in January to March 2016.
Yields dropped marginally to minus 0.05% when the government auctioned €100m in 13-weeks treasury bills, the Public Debt Management Office (PDMO) said.
Revenue from tourism rose in March 2017 6.4% compared with the respective month of 2016 to €86.1m, the statistical service said.
Citi Research, a division of the US bank and financial services provider Citigroup Inc, said that it will initiate coverage of Bank of Cyprus with a target price of €4.10 per share with a 'buy rating', adding that it expects a €4.5bn reduction of bad loans by 2019.
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