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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 ...
Cyta Hellas, the wholly-owned subsidiary of the state telco Cyta that is slated for privatisation, reported a turnover of €90.49 mln for 2014, with gross profits at €29.44 mln, up from €26.28 mln the year before.
The Public Debt Management Office of the Ministry of Finance announced that the recent auction of €50 mln 30-day Treasury Bills was oversubscribed by about 1.24 times, with the yield dropping to 1.75%, compared to 1.81% in the May auction.
IMF spokesman Gerry Rice recently praised Cyprus’ reform efforts, noting that they have started to pay off.
The Natural Gas Public Company (DEFA) has completed its evaluation of the bids for supply of natural gas for domestic electricity generation.
The trivago Hotel Price Index (tHPI) for June 2015 has revealed it is now cheaper to holiday in Cyprus than at this time last year.
Bank of Cyprus Public Company Ltd hasrepaid €500m of Emergency Liquidity Assistance (ELA) and €260m of European Central Bank (ECB) funding to its international creditors, the bank said in a statement recently.
Ship management revenues increased to €421 million during the second half of 2014, according to a Ship Management Survey.
MeritKapital Ltd., a Limassol-based licensed investment firm, has received an investment service extension from CySEC for the provision of 'Underwriting of financial instruments' for both a firm and soft commitment capability.
DBRS, Inc. has confirmed the long-term foreign and local currency issuer ratings for the Republic of Cyprus at B (low).
A bill governing the operation of casinos in the Republic is expected to be put to the vote later this month and investors would be invited to express interest by August 2015, it emerged recently.
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