Cyprus ranks second among EU member states, behind Lithuania, with just over half its 30-to-34 age group having attained university education, and far exceeding the ‘Europe 2020’strategy target of 40%. In
The economic climate improved in April, the Economics Research Centre of the University of Cyprus said on Monday. The Economic Sentiment Indicator was by 2.1 points in April, compared with March, the
The Public Debt Management Office at the Ministry of Finance announced that the fifth series of the 6-year retail bonds (May) attracted a total of 17,457,800 euros, far above the monthly target
Fitch Ratings upgraded the Bank of Cyprus Long-Term Issuer Default Rating (IDR) to ‘B-’ from ‘CCC’ on Monday and Hellenic Bank’s Long-Term IDR to ‘B’ from ‘B-’. The rating agency said
* Concession agreements signed with Eurogate and DP World * A new era begins for Limassol Port with the arrival of leading international operators that will boost revenues for the Republic of
The rate of growth of the Cyprus shipping sector, due mainly to the attractive tonnage tax regime, is very encouraging, Transport Minister Marios Demetriades told the island’s vibrant community of ship owners,
A study is underway to prepare a new long-term national strategy for tourism, President Nicos Anastasiades said on Tuesday, noting that the number of tourists in the first quarter of 2016 increased
The Bank of Cyprus has reduced the Emergency Liquidity Assistance (ELA) it inherited from now-bankrupt Laiki by a further 100 mln euros in March to EUR 3.3 bln. According to Central
After last month’s hilarious hijack of an Egyptair flight that was diverted from Alexandria to Larnaca, the biggest airplane in the world, the Airbus A380 operated by Emirates, also made an unexpected
The old Larnaca airport, that was supposed to be undertaken by Chinese investors who backed out of the plan several years ago, now has three new foreign bidders who will decide how
