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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 ...
According to the results of the Passengers Survey, arrivals of tourists to Cyprus reached 62,611 in January 2017 compared to 48,607 in January 2016, recording an increase of 28.8%.
The Cyprus Security and Exchange Commission (Cysec) aims to further boost the Cypriot capital market and the supervision of the sector, chairwoman Demetra Kalogirou said recently.
Cyprus supports involvement of Russian companies in its energy market, the Cypriot ambassador to Russia has said.
According to data released by the Statistical Service of Cyprus last Friday, Cyprus has recorded a surplus of 9.1 million euros in the year 2016.
Cyprus is experiencing a solid economic recovery and growth is expected to remain robust, although it looks set to slow slightly, said the European Commission.
Cyprus’ economy expanded an annual 3% in Q4 2016 after growing 2.9% in the third quarter, the statistical service said citing a preliminary flash estimation.
Power production from renewable energy sources rose 3.4% last year to 357,284.5 megawatt hours (MWh) compared to 2015 mainly on increased output generated by private photovoltaic systems, the energy regulator said.
The government is preparing legislation establishing a central agency tasked with drafting and implementing a national renewable action plan for Cyprus, MPs heard recently.
The European Commission said that it expects growth in Cyprus to gradually slow down over the next years from 2.8% in 2016 to 2.5% this year and 2.3% in 2018, as the high stock of bad loans of Cypriot banks continues to burden growth.
The increase in tourist arrivals in 2016 has translated into a 4.4% increase in revenue from tourism, or a total of €3.5 billion (19.9% of GDP).
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