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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.
The Research and Innovation Foundation (RIF) this week commented on the latest results from the European Innovation Scoreboard 2024, which once again reaffirms Cyprus’ progress in the field of innovation, classifying it as a Strong Innovator for the third consecutive year.
The Cyprus Investment Funds Association (CIFA) on Friday expressed satisfaction with the increase in Assets Under Management (AUM) of Cypriot investment funds.
Cyprus ranks fifth among EU countries in the progress achieved regarding research and innovation, Theodoros Loukaidis, Director General of the Res ...
Cyprus’ heavy reliance on fuel imports is highlighted in the latest report by the World Energy Council.
Makis Constantinides, who was appointed chairman of Cyprus Airways in August 2014, said he submitted his resignation to Finance Minister Harris Georgiades citing frustration over the lack of progress in the restructuring of the loss making airline.
A new centralised data base has been launched, cleaning, filtering, and mapping 145,000 real estate transactions across Cyprus and breaking them down by municipality, property type, and by price band.
Egypt’s petroleum minister said recently his country was speeding up talks with Cyprus to import natural gas for its own domestic use and for possible re-export to other countries.
E-commerce seems to be picking up in Cyprus, with more businesses saying they are taking online orders, according to the statistical service Cystat.
Foreign Minister Ioannis Kasoulides said recently that the government was looking into setting up an escrow account where it could deposit part of the natural gas revenues to be used for future generations.
The Central Bank of Cyprus will investigate how Laiki Bank received emergency liquidity assistance of more than €9 billion, it was announced recently.
Demand for 6-year Cyprus government retail bonds shot up to €27.4m in November 2014, with most of the interest coming from foreign investors.
Cyprus saw its government debt fall in the third quarter of 2014 by €956m to €18.2b after it redeemed part of the bond issued to recapitalise Cyprus Popular Bank in 2012, the Finance Ministry said.
Industrial turnover index in Cyprus was down by 6.4% in the first eight months of this year compared to the same period in 2013, according to data released by the Statistical Service.
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