Cyprus tourism revenue outpaces arrivals

Revenue from tourism reached CYP 155.0 mln in July, according to the Statistical Service CYSTAT, recording a rise of 10.6% compared with July 2005. The sharp increase may be attributed to the

Engel & Voelkers expands to Cyprus

— Seeks real estate franchise partners Engel & Voelkers, one of the world’s leading agencies specialising in quality properties in top locations has set up a presence in Cyprus. The German based

CSE profits up fourfold in 1H ’06

— 96 out of 142 are profitable CSE listed companies more than quadrupled their combined first half profits in 2006 to CYP 200.4 mln from CYP 48.3 mln in the same period

2007 state budget approved

…CYP 3.31 bln revenue, CYP 4.06 bln expenditure The Council of Ministers approved the state budget for 2007, that provides for a total revenue of CYP 3.31 billion and for expenditure of