MARKET TRENDS

New record for tourist arrivals

New record for tourist arrivals

October saw the highest number of tourist arrivals in Cyprus ever recorded in the tenth month of the year, the Statistical Service of Cyprus reported on Friday. Cystat announced that on the basis of [...]

Cyprus’s advantages at London conference

The competitive advantages that Cyprus offers to investors are the subject of a conference being held in central London, attended by the Presidential Commissioner Photis Photiou, a number of entrepren [...]

Government strives to turn Cyprus into world-class business destination

The government is striving to make Cyprus a world-class destination for business and investment, President Nicos Anastasiades said on Monday, as he received on Monday the credentials of the Ambassador [...]

EBRD projects stronger growth for Cyprus

The European Bank for Reconstruction and Development (EBRD) has upgraded its growth forecast for 2017 and 2018, by 1% and 0.3% respectively, for the Cypriot economy, with concerns however regarding th [...]

Unions stand by strike threat over future of EAC

Unions at the state power company EAC on Monday appeared still poised to go through with an announced two-hour strike for later this week, amid fresh pleas from the government to put off the industria [...]

Parliament approves VAT on building land bill

Parliament on Friday approved a bill imposing 19 per cent VAT on the sale of building land, fulfilling an EU condition some 10 years after the original deadline. The bill passed with the votes of 26 M [...]

FinMin: Funds choose Cyprus

Cyprus is gaining recognition as an attractive fund domicile with a potential for further significant growth, says Monday Minister of Finance Harris Georgiades, addressing the 3rd International Funds [...]

Lebanon wants stronger economic and trade cooperation with Cyprus

S Lebanese Prime Minister Saad Hariri, who met President Nicos Anastasiades late Saturday, said he would like to see stronger economic and trade cooperation, noting that Beirut values its relations wi [...]

Cooperative Bank explores more radical solutions to reduce NPLs, CEO says

The Cooperative Cyprus Bank (CCB) is exploring “more radical solutions” in a bid to achieve a swifter reduction of the non-performing loans (NPLs) weighing on its balance sheet, the CCB’s Chief [...]

Police warn Cyta subscribers of scam

Police are urging the public not to answer missed calls to their mobiles made from unknown overseas numbers. Since Wednesday noon, some 350,000 such calls were placed to Cyprus Telecommunications Auth [...]

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