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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.
Deputy Minister of Tourism Kostas Koumis is satisfied that the latest figures on tourist arrives indicate they would be at the same levels as 2023, a good year for the industry.
The added value of Cyprus’ construction sector at current prices increased by 8.9 per cent in 2022, reaching €1.44 billion, up from €1.32 billion in 2021, according to the findings of the Construction and Land Development Survey.
Cyprus ranks fifth among EU countries in the progress achieved regarding research and innovation, Theodoros Loukaidis, Director General of the Res ...
Cyprus and the European Investment Bank (EIB) recently signed a €100-million loan for supporting key infrastructure investments in Cyprus.
Cyprus has no plans to extend the bailout programme when it expires in early 2016, Finance Minister Harris Georgiades said at The Economist Summit, but nor will it try to exit early.
Cypriot banks faced with a mountain of non-performing loans have managed to cut their number considerably through restructuring, Finance Minister Harris Georgiades said recently.
Bank of Cyprus CEO, John Hourican is remaining in his position until his replacement is found, a process expected to be completed by January 2016.
Economic sentiment improved in October 2015 with the Economic Sentiment Indicator (ESI) rising by 0.7 points, according tothe Economics and Research Centre of the University of Cyprus (CypERC).
Investor interest has been very strong for Imperial Residences – a hamletof luxurious properties designed by acclaimed real estate developer, Aristo Developers.
RCB Bank has been awarded the prestigious Best Bank in Cyprus distinction at the 2015 Global Banking & Finance Awards.
Manufacturing output rose an annual 3.8% in August and 2.1% in the first eight months of 2015, the statistical service said.
Transnational synergies in the eastern Mediterranean could turn the region into a gas hub, according to Italian energy giant ENI, the company that discovered an estimated 30 trillion cubic feet of gas off Egypt’s coast.
Cyprus bailout program is working well and the country makes progress under that program, a spokesperson of the IMF stressed recently.
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