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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 ...
Eurofreight Logistics, one of Cyprus' leading logistics services companies with integrated solutions in the transportation industry, signs a major agreement with UAE based Al-Futtaim Logistics, following a successful three-month trial period.
The legal framework to address the issue of non-performing loans (NPLs) needs to be in place by the end of 2014, said President Nicos Anastasiades recently, while referring to an increased foreign investment interest.
Tourism Minister Giorgos Lakkotrypis recently predicted an increase of between 5.0 and 8.0% in tourism for 2014, with arrivals in April recording a 12% spike.
The Cyprus economic adjustment programme is on track, Delia Velculescu, IMF mission chief for Cyprus, said recently, adding that confidence has continued to improve.
Fiona Mullen, Director of Sapienta Economics examines the possibility of an onshore LNG terminal in Cyprus, which will provide flexibility when it comes to exports, while also bolster Cyprus' position as a regional energy hub.
Investing in energy infrastructure in Cyprus appears to be increasing, with the EU looking towards solutions that will ensure its energy security, a recent EU informal meeting in Athens has heard.
The study by the Civil Aviation Department, concluded that while Cyprus has an overall adequate air connectivity with most markets, there exists a “lot of room for improvement,” both in existing and new markets.
Health Minister Philippos Patsalis recently announced a final agreement with the troika on the basic principles of the National Health Scheme (NHS).
Cyprus' first key challenge is to effectively reduce non-performing loans NPL's, the island’s lenders said at the end of the fourth Troika review.
International lenders anticipate a shallower recession in Cyprus in 2014, as private consumption continues to drive the economy and authorities hope for an earlier than envisaged return to international markets.
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