Cyprus Ministry of Transport has issued a call for tenders for construction of the €350 mln Nicosia Orbital Motorway to be built in five phases starting in mid-2020. The long-awaited project is
By Lukman Otunuga, Research Analyst at FXTM Asian shares were tired and struggling for direction on Tuesday morning due to a lack of fresh market-moving news, with investors on the sidelines ahead
Cyprus’ economy is in a position to weather worsening international macroeconomics and the shrinking of the tourist flow to the island as predictions over the country’s GDP growth remain high. Despite reappraisal
Cyprus will make an international call for tenders for new public transport contracts, aiming to set in motion a ‘new era’ for an improved bus network that avoids mistakes of the past.
Cyprus Casinos (C2) has opened its third licensed satellite in Ayia Napa hot on the heels of the one year anniversary celebration of the Limassol casino launch. Ayia Napa joins the Nicosia
By Hussein Sayed, Chief Market Strategist at FXTM US equities ended last week at new record highs as investors became more confident of fresh stimulus measures by major central banks led by
Cypriot banks are reportedly concerned over parliament approving legislation designed to bail out borrowers who have defaulted on their mortgage, until September when the state-funded Estia scheme is to be activated. The
Cyprus Natural Gas Public Company (DEFA), announced Friday it has successfully completed the first step of its troubled tender procedure for the installation of a €250 mln LNG Import Terminal plus infrastructure.
Revenue from Cyprus tourism rose 2.9% year-on-year with income estimated at €186.6 mln in April from €181.4 mln in 2018. However, for the first four months, ending in April, tourist spending was
Cyprus credit card transactions during the first six months of 2019 increased 20% compared to the same period last year, reflecting a recovery in consumption. In the first six months (January to
