Invest Cyprus, the organisation tasked with attracting foreign direct investment has created a special unit to help the National Tourist Strategy succeed in attracting 5 million tourists by 2030. Invest Cyprus chairman
President Nicos Anastasiades will begin a two-day official visit to Bulgaria on Tuesday to promote business ties in only his second trip to the fellow-EU country during his tenure. During his official
While deposit rates are at rock bottom with some banks even applying negative interest on large sums, Insurance companies argue that their investment funds may offer shrewd investors a way out. According
Retail high-street banks in Cyprus seem to be struggling with the aftermath of the 2012-13 fallout, cautious of taking risks and sitting on bundles of cash with little direction of what to
Cypriot investment fund assets hit a historic high in 2019 reaching a total of €6 bln on a 27% annual rise, data released by the Cyprus Central Bank shows. The number of
Fugitive financier and Cyprus passport holder Jho Low may have been in Wuhan, with Malaysian authorities now on the lookout for his return due to the coronavirus outbreak. “Previously, we did receive
As property sales slow in Cyprus’ residential sector, buy-for-rent is breathing new life into the real estate market as it is now proving very attractive for investors. Danos’ CYPRUS PROPERTY MARKET 2019
Cyprus’ ESTIA scheme subsidising borrowers with toxic mortgages is off to a shaky start as only one-fifth of applications submitted are expected to be approved as the large majority were filed incomplete.
Strong growth prospects and sustained fiscal discipline places Cyprus on a firm declining path but contingent liabilities, healthcare and public sector wage-related costs, as well as weaker external conditions, pose risks to
Last year, the European Investment Bank provided €230 mln for investment in Cyprus, equivalent to 1.04% of GDP, the highest EIB ratio than anywhere in the EU. “2019 has been a particularly
