The Akamas National Forest Park will operate by the end of 2022, President of Cyprus Nicos Anastasiades said on Tuesday, adding that this is a feasible goal and the government remains committed in achieving it.

Cyprus President: Akamas park to open by end of 2022

The Akamas National Forest Park will operate by the end of 2022, President of Cyprus Nicos Anastasiades said on Tuesday, adding that this is a feasible goal and the government remains committed to achieving...
Minister of Transport, Yiannis Karousos and his Bulgarian, Estonian, Latvian, Polish, Lithuanian, Maltese and Romanian counterparts, met Tuesday with the Commission Vice President Frans Timmermans and the Commissioner for Transport, Anna Ioana Valean, to raise the issue and implications of a new rule that calls for commercial transport vehicles, lorries and trucks operating within th single market, to return to the licensing Member State every eight weeks, included in the "EU mobility package", currently under negotiation.

Cyprus Transport Minister and 8 counterparts object to new rules of mobility package on...

Minister of Transport, Yiannis Karousos and his Bulgarian, Estonian, Latvian, Polish, Lithuanian, Maltese and Romanian counterparts, met Tuesday with the Commission Vice President Frans Timmermans and the Commissioner for Transport, Anna Ioana Valean, to...
Strong growth prospects and sustained fiscal discipline places Cyprus on a firm declining path but contingent liabilities, healthcare and public sector wage-related costs, as well as weaker external conditions, pose risks to the fiscal outlook, Scope rating agency has said.

Scope agency on Cyprus: strong growth prospects but liabilities remain

Strong growth prospects and sustained fiscal discipline places Cyprus on a firm declining path but contingent liabilities, healthcare and public sector wage-related costs, as well as weaker external conditions, pose risks to the fiscal...
Record high tourist arrivals in Cyprus this January, up by 4.5% annually

Record high tourist arrivals in Cyprus this January

Tourist arrivals in Cyprus were up by 4.5% this January compared with January last year, marking a historic high record. On the basis of the results of the Passengers Survey, released by the Cyprus Statistical...
EIB backed investment is improving education for Greek and Turkish Cypriot students as part of our support for new investment at 213 schools across the country

European Investment Bank president in Cyprus for official visit

The President of the European Investment Bank (EIB), Werner Hoyer, is paying a visit to Cyprus and will meet on Monday with the President of Republic, Nicos Anastasiades. According to an EIB announcement, Hoyer is...
NPFs drop a further €175 million in July-September 2019, Central Bank says

Central Bank: Non-Performing Financing records further decrease

A further decrease of €175 million or 1.8% was recorded in aggregate NPFs at the end of September 2019, compared to the end of June 2019, and, as a result, a fall in the...
Euro area records €225.7 bn trade surplus in 2019 and Cyprus €5.1bn trade deficit

Euro area records trade surplus; Cyprus records trade deficit

From January to December 2019, euro area exports of goods to the rest of the world rose to €2 345.4 bn (an increase of 2.7% compared with January-December 2018), and imports rose to €2...
"Cyprus’ economy is still characterized by large economic imbalances, which, unless addressed, may impede its medium-term economic prospects", the European Commission warns in its in depth analysis of the state of the economy, published today in Brussels, under the European semester rules.

European Commission forecasts increase in Cyprus GDP

The economy in Cyprus will grow by 3.2% in 2019, 2.8% in 2020 and 2.5% in 2021, according to the European Commission's Winter Economic Forecast, published today in Brussels and presented by Commissioner Paolo...
The government of Cyprus has signed an agreement with an Israeli consortium for the development of the Larnaka port and marina of an overall value of €1 billion.

Billion euro deal signed for Larnaca port and marina

The government of Cyprus has signed an agreement with an Israeli consortium for the development of the Larnaca port and marina of an overall value of €1 billion. The agreement was announced on Thursday by...
Economics Research Center: Robust economic activity in Cyprus expected in 2020

Theodoros Mantis: Changes Needed to Attract Companies of Foreign Interests

In recent years, the aim of the state has been to promote Cyprus as an attractive investment destination and as a credible business center, through the attraction and establishment of foreign companies on the...
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