MARKET TRENDS

Cyprus’s competitiveness ranking falls, UCY says

The US, Hong Kong, and Singapore were ranked first, second, and third while Venezuela, Croatia, and Brazil took 63rd, 62nd and 61st positions respectively, according to the report. Cyprus fell behind [...]

BY Elena Economou
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May 25 2018

EC recommendations for Cyprus

The European Commission presented yesterday the 2018 country-specific recommendations (CSRs), setting out its economic policy guidance for Member States for the next 12 to 18 months. EC recommends th [...]

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BY Elena Economou
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May 24 2018

Total applies for a stake in block 8

French energy giant TOTAL applied to the Cyprus government to acquire a stake in block license 8 in the Cypriot Exclusive Economic Zone currently owned by Italy’s ENI.ENI and TOTAL are partners in [...]

MARKET TRENDS
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BY Elena Economou
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May 23 2018

Government to limit Golden Visas to 700 a year

Every application will also be subjected to an enhanced due diligence, the PIO said, after the cabinet meeting. The government’s golden visa scheme introduced in the current form in 2014 and amended [...]

MARKET TRENDS
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BY Elena Economou
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May 22 2018

Permits for new homes up 12.5 per cent

The number of building permits for the construction of new homes in Cyprus rose 12.5 per cent in February 2018 compared to February 2017 providing for the construction of 431 new homes.Compared to Feb [...]

MARKET TRENDS
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BY Elena Economou
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May 21 2018

New record for tourist arrivals

Tourist arrivals for the period of January-April 2018 totaled 683.581 compared to 572.024 in the corresponding period of 2017, recording an increase of 19,5% and outnumbering the total arrivals ever [...]

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BY Elena Economou
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May 19 2018

A new era for Larnaca

SOMETHING is changing in Larnaca with many projects underway both of the public as well as the private sector. What is noticeable is the “renovation” of the old city extending from the coastal lin [...]

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BY Elena Economou
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May 18 2018

Casino groundbreaking to be held on June 8 in Limassol

A groundbreaking ceremony for Cyprus’ new casino-resort will be held on June 8, according to the Melco Resorts and Entertainment CEO Lawrence Ho. At a presentation of their new casino Morpheus for C [...]

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BY Elena Economou
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May 16 2018

Cooperative Central Bank receives bids by two prospective buyers

The Cooperative Central Bank (CCB) announced on Monday it has received two bids as part of its privatisation process launched in March. Sources told CNA, that Hellenic Bank, a Cypriot commercial b [...]

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BY Elena Economou
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May 15 2018

Eurobank, Banco Santander present Trade Club Alliance initiative

By 2020, the number of participating companies is expected to rise to 100,000 resulting from the participation of 15 other bank groups from currently 10 operating in 40 countries, the bank added. Euro [...]