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Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis. Tannousis addressed an international audience at the 10th International Funds Summit & Expo in Nicosia, presenting the island’s unique advantages, including financing schemes and incentives for global investors.
The Cyprus government recorded a reduced deficit of €39 million in the second quarter of 2024, marking a sharp improvement from the €260.8 million deficit reported for the same period last year.
Cyprus and Egypt are set to deepen maritime collaboration through a joint commission, established during Deputy Shipping Minister Marina Hadjimanolis’ recent visit to the country.
Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis. Tannousis addressed an i ...
Current Bank of Cyprus shareholders can use their fix term deposits to buy shares of the bank as part of the share capital increase programme underway, the lender said recently.
Cyprus agricultural exports to Russia reached €13.5 million in 2013, representing 61% of total exports to the country, recent Trade Ministry data showed.
Revenue from tourism rose 10.8% year-on-year in May 2014, to €224.1 million, compared with €201.1 million in 2013, the statistical service said recently.
The rate of inflation in July 2014 decreased by -0.6%, compared to -1.2% in June 2014 and -0.3% in July 2013, the Statistical Service said recently.
The government is open to feedback from the parties that will improve on its foreclosures bill, and has already relayed to the troika a number of these proposals, Finance Minister Harris Georgiades said recently.
The reform of public health care has brought a much needed inflow of euros into parched state coffers, it was reported recently.
Property sales have marked a significant increase this year in anticipation of a new regime that will be caused by the repossession of mortgaged properties, with particular interest by foreign buyers.
A new Finance Ministry bill aims to stop banks increasing their loan profit margins by arbitrarily increasing lending rates.
In a deal signed recently, TUI has captured one of Cyprus’ premier properties, the Sensatori Resort Aphrodite Hills near Paphos.
The number of building permits dropped by 8,2% from January to May, 2014, compared to the corresponding period in 2013, the Cyprus' Statistical Service said recently.
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