Moody’s rating agency changed the outlook on the Cyprus government bond rating to ‘positive’ from stable, earlier in November.   The rating agency had affirmed Cyprus’ long term issuer and senior unsecured bond rating at B1 and also affirmed Cyprus’ Senior Unsecured MTN Programme at (P)B1, the short-term rating Commercial Paper at NP and its

Seasonally adjusted GDP rose by 0.7% and 2.8% in Cyprus in quarterly and annual basis, during the third quarter of 2016. Meanwhile, the Euroarea GDP rose by 0.3% and by 0.4% in the EU28 during the third quarter of 2016, compared with the previous quarter, according to an estimate published by Eurostat.   In the

The investment-for-passports scheme has raised EUR 3.3 bln for state coffers in the past three years, according to Interior Minister Socrates Hasikos, with a further EUR 700 mln earned from residency permits provided to owners of properties worth EUR 300,000.   “This last incentive alone has been of great benefit to the economy,” Hasikos stated,

Recently reborn Cyprus Airways has received the first aircraft for its fleet, an Airbus A319 with the new company’s livery, as it waits for its air operator certificate (AOC) by the end of 2016.   The airline's corporate design elements, including the livery and the logo of Cyprus Airways, were designed by the British agency

STEP Worldwide introduced a new “Worldwide Excellence Awards” scheme in order to award the top-scoring students on each STEP (Society of Trust & Estate Practitioners) exam.   One of the top scoring students for the period from 1st January to 30th June 2016 was Bella Sovmiz, of Limassol, who achieved a high score in the

Economic sentiment edged up in November as the Economic Sentiment Indicator conducted by the Economics Research Centre of the University of Cyprus (ESI-CypERC) increased by 0.3 points compared to October because of improvements in retail trade, industry and consumer confidence.   The Retail Trade Confidence Indicator increased because of firms’ more optimistic views regarding their

Cyprus is close to taping financing from the EUR 315 bln European Fund for Strategic Investments (EFSI), the so-called Juncker Plan, as projects are in the pipeline for evaluation, a senior European Commission official was quoted by the Cyprus News Agency as saying.   The plan, named after the EC President Jean Claude Juncker, was

Over the past few days, Lufthansa pilots went on strike, causing chaos and disruption in Germany and across Europe. According to the European Trade Union Institute, Germans go on strike relatively rarely compared to other European countries. In Cyprus, 514 days were not worked per 1,000 employees between 2009 and 2013. Half of those were