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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 ...
Cypriot businesses called on the government to look into the possibility of lodging a complaint against Greece if it did not withdraw a decision to impose a 26% punitive tax on imports from certain countries, including Cyprus.
Energy Minister Yiorgos Lakkotrypis and labour unions at the Electricity Authority of Cyprus agreed to call for a new tender for a study on the state-owned power producer’s privatisation under new terms in the next 15 days.
The decision to lift capital restrictions showed that the banking system is stabilising, the banks’ association said recently, as the island put an end to a state of affairs introduced two years ago.
Cyprus will participate, for the third consecutive year, in the NASA Space Apps Challenge 2015, which brings together people of diverse scientific backgrounds, in order to address engineering issues through specific challenges.
Finance Minister Harris Georgiades said that Cyprus could restore its creditworthiness and return to the markets in the coming months, even as 2015 will be a difficult year for the economy.
The Unit for Combating Money Laundering (MOKAS) has acquired from the UN a new system for the implementation of the project entitled 'Strengthening MOKAS Capacities and Improve Efficiency to Detect Money Laundering and Financing of Terrorism'.
Bureaucracy, lack of confidence in the banking system, and delays in decision making were cited as Cyprus’ main disadvantages in a survey of foreign companies operating on the island.
The Cyprus shipping industry is in need of rebranding and restructuring to enhance competitiveness, Communications, Works and Transport Minister Marios Demetriades said recently.
A group of Cypriot businesses with strong presence in Greek markets have engaged the Cyprus Chamber of Commerce and Industry, in a concerted effort to decide on a response to the Greek government’s decision to impose a 26% punitive tax on imports from certain countries.
The lifted controls on the movement of capital that have been in place for the last two years is a positive development for the economy, said President Anastasiades at a recent news conference.
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