Income from Cyprus tourism rose 2% in September compared to the same month last year, official data showed on Thursday. Tourism receipts reached €378.8 mln in September from €371 mln in the
The Fiscal Council has warned of a possible fiscal derailment as it feels the government is susceptible to pressure from political parties to give out new social benefits and lower taxes. The
In November economic sentiment in Cyprus improved as the University of Cyprus Economic Sentiment Indicator (ESI-CypERC) increased by 2.6 points – reaching 115.2 units – compared with October 2018. It said the
Cyprus recycles more than half of its plastic packaging putting it among the highest in Europe, latest EU data shows. In the EU, an estimated 42% of plastic packaging waste was recycled
Cyprus is ranked among the top 30 countries regarding living standards across the globe but scored poorly for education and health. According to research carried out by the London-based Legatum Institute’s Prosperity
Cyprus had the largest increase in its tax-to-GDP ratio out of the 28-member bloc, rising from 32.9% in 2016 to 34% in 2017, Eurostat data shows. Total revenue from taxes and social
The Board of RCB Bank has approved a new five-year strategy for 2019-2023, which aims at operational excellence, innovation and organic growth. The Bank said it will continue its’ path of successful
Cyprus Airways and Romanian carrier Blue Air have entered into a codeshare partnership. From 3 December, Cyprus Airways’ customers will be able to fly from Larnaca to London Luton, Athens, Thessaloniki and
Greek oil and gas firm Energean has announced that the first steel was cut on the Karish and Tanin floating production storage and offloading (FPSO) vessel at the COSCO yard in Zhoushan,
By Lukman Otunuga, Research Analyst at FXTM Conflicting signals over the direction of trade between the world’s two largest economies are poised to place investors on an emotional rollercoaster ride ahead of
