Cyprus` economy recorded a growth rate of 2.2% in the 3rd quarter of 2015, according to a flash estimate by the Statistical Service of Cyprus. This is the third consecutive quarter of growth after 14...
The Global Forum for Transparency and Exchange of Information for Tax Purposes has upgraded its rating of Cyprus to “overall largely compliant.” The revision from the previous rating of non compliant was approved by the...
Cyprus has no plans to extend the bailout programme when it expires in early 2016, finance minister Harris Georgiades said at The Economist 11th Cyprus Summit in Nicosia on Tuesday, 3 October but nor does...
The World Bank has listed Cyprus amongst 10 countries with improving economies, opening it up to new investment. The favourable Doing Business 2016 report released on Wednesday 28 October said Cyprus had moved up 13...
Cyprus issued a benchmark 10-year one billion euro bond with a yield of 4.25% on Tuesday 27 October, its first since 2010, indicating growing confidence in the economy which officially exited recession in the first...
Cyprus will tap the bond markets for a 10-year bond on Tuesday 27 October, according to an announcement by the Ministry of Finance. No information was given about the amount that will be issued, but...
With the September unemployment figures showing the first real drop since March 2013, recruitment experts say that interest is growing in all areas, albeit slowly in some, and the financial services and forex trading sectors...
Fitch Ratings upgraded on Friday 23 October Cyprus` long term foreign and local currency issuer default ratings (IDRs) to B+, up from B-, with a positive outlook. The international rating agency said in a press...
Oil and gas companies have expressed great interest to take part in a third licensing round to obtain rights for hydrocarbons exploration in Cyprus` Exclusive Economic Zone (EEZ), Minister of Energy, Commerce, Industry and Tourism...
Ι. Introduction According to the Memorandum of Understanding (MOU) (par. 3.6), Cyprus had an obligation to initiate a privatisation plan to help improve the economic efficiency of State-Owned Organizations (SOEs) through enhanced competition and encouragement...
