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Cyprus has long been a shipping powerhouse, but its role is evolving fast to meet the needs of the digital age, according to Christoph Stork, CEO of Cyprus-based bunker trading platform XMAR.
The environment department has officially approved the expansion plans for both the Larnaca and Paphos international airports, it emerged on Thursday.
Cyprus’ real estate market kicked off the new year with a 21 per cent increase in property sales, compared to the same month last year, primarily driven by Limassol’s record-breaking surge.
Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis. Tannousis addressed an i ...
Cyprus River Holdings Ltd. (Cyprus River), an insider of Rio Novo Gold Inc. (Rio Novo), announced that on July 3, 2014, through its wholly-owned subsidiary Zoneplan Ltd. (Zoneplan), it acquired ownership and control over shares of Rio Novo.
The government of Cyprus is aiming at deepening its strategic partnership with the United States, in order to secure its support for Nicosia's energy designs, Energy Minister Yiorgos Lakkotrypis said recently.
President Nicos Anastasiades recently said that his administration would launch an attack on bureaucracy, to facilitate business activity and stimulate the island's economy.
The Bank of Cyprus is expected to embark on a road-show to attract new investors and fresh funds from exiting investors, expected to raise about €1b from the markets and boost the lender’s capital adequacy levels by at least four percentage points.
National carrier Cyprus Airways (CY) will be starting daily flights to London’s Stansted airport on September 14, 2014 it was announced recently.
The government estimates that taxable properties are worth a total €155b, aiming to raise about €140m from a levy that owners and parliament want adjusted in order to make it fair to all and to introduce a tiered system instead of the proposed flat tax.
The Board of Directors of the European Stability Mechanism (ESM) recently approved the disbursement of €600 million to Cyprus, following the positive assessment of the island's quarterly economic adjustment programme.
Oil India Limited has completed the acquisition of 50% shareholding in WorldAce Investments Ltd (WorldAce), a Cyprus-based wholly-owned subsidiary of PetroNeft Resources Ltd (PTR), which owns License 61 in Tomsk Oblast region in Western Siberia, Russia.
Upgrading of two Cypriot banks by Fitch rating agency recently is a “positive and important development” in the course of stabilising the economy, says Finance Minister Harris Georgides.
The United States support Cyprus’ sovereign rights to extract and exploit its natural wealth in its Exclusive Economic Zone, Minister of Energy Giorgos Lakkotrypis says.
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