Tourism arrivals up 0.7% in July

Tourism arrivals increased by 0.7% YoY to 341.443 in July 2006 compared to 338.972 in July 2005, the Statistics Service reported. In July 2006 there was an increase of 0,8% of tourist

OPINION: Time to invest in Lebanon?

When Foreign Minister George Lillykas goes to Beirut on Thursday to meet his Lebanese counterpart, he will undoubtedly be showered with words of praise from the Lebanese government for Cyprus’ rapid response

Demetra Investments to diversify in Cyprus

— Property deals in Romania, Bulgaria Demetra Investments Public Co. Ltd. is continuing on its diversification path as it seeks to play a crucial role in the commercial, investment and private equity

Euro gains after better Ifo

The euro gained sharply on Thursday morning after a better-than-expected Ifo report, which raised speculation that the ECB will continue euro rates while the Fed is on pause following weak US housing

Cypriots prefer foreign currency loans

…deposits surge higher Cypriots continued to prefer loans in foreign currency at the expense of local currency which carried a higher rate, according to the July Monetary Survey of the Central Bank

Atlantic lifts H1 profit by 63%

Atlantic Insurance Pcl (ATL) reported a 62.5% YoY increase in first half profit to CYP 1.35 mln compared to CYP 835k a year ago and CYP 1.68 mln for the whole of