MARKET TRENDS

After BoC, Hellenic too mulls new earning scheme, source says

A spokesman of the bank declined to comment. If the bank does go ahead and propose changing its pay scheme to bank workers’ union Etyk, it will be the second to do so after Bank of Cyprus. The large [...]

BY Elena Economou
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Dec 18 2017

Cyprus economy’s momentum at Economist event

An overall very positive picture of the Cypriot economy, notwithstanding specific challenges, was drawn by the speakers of an Economist event held in London’s Stock Exchange on Thursday. The ‘Cyp [...]

MARKET TRENDS
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BY Elena Economou
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Dec 15 2017

More towers set to line Limassol coast road

Five more high rise towers are set to be built in Limassol, already home to several skyscrapers along the city’s coast road. The developments come in the form of two new projects. The first, by Cyba [...]

MARKET TRENDS
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BY Elena Economou
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Dec 13 2017

Plastic money use up 21% in November, JCC says

The value of purchases and cash withdrawals by holders of foreign cards in Cyprus rose an annual 11 per cent to €80.3m in November and €1.1bn in January to November, JCC said. The value of purchas [...]

MARKET TRENDS
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BY Elena Economou
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Dec 11 2017

Economy grew by 3.9% in Q3

The economy of Cyprus grew by 3.9% in the third quarter of 2017, the Statistical Service of Cyprus reported on Friday. “Τhe GDP growth rate in real terms during the third quarter of 2017 is positi [...]

MARKET TRENDS
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BY Elena Economou
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Dec 10 2017

Property transactions up 39% in November

The number of property transactions in Limassol rose last month 29 per cent compared to November 2016 to 321, the land department said. Source: Cyprusmail

MARKET TRENDS
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BY Elena Economou
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Dec 05 2017

Glimmer of hope for Cyprus to export its gas to Egypt

Cyprus’ gas discovery in Block 12 has remained stranded since 2012 with no outcome in sight. The Aphrodite natural gas field off Cyprus is commercially viable and the field could produce 300 billion [...]

MARKET TRENDS
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BY Elena Economou
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Dec 03 2017

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 [...]

MARKET TRENDS
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BY Elena Economou
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Nov 20 2017

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 [...]

MARKET TRENDS
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BY Elena Economou
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Nov 17 2017

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 [...]