News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyCyprus budget surplus amounted to almost 114 million euro
It was reported by statistical service of Cyprus for the period of first 5 months of this year. Experts explain this with the budget revenue increase. Comparing to financial data of 2016, it increased…
EconomyNew terminal opened in Limassol port
Construction of the new terminal was completed last year. At the moment, the last finishing and furnishing works…
EconomyCyprus Economic Sentiment Index down by 0.8 points
Economic Sentiment Index (ESI) dropped by 0.8 points in June. The data was presented by the Economics Research…
EconomyEurope’s biggest casino in Limassol
Cyprus government has already signed a contract with Melco Hard Rock consortium, which includes Melco International, Hard Rock…
EconomyGas exploration works will resume in July
Despite the objections of the Turkish side, drilling operations for gas exploration in Cyprus will begin in mid-July.…
EconomyBudget deficit reached 721 mln euro
The data was presented for the first quarter of this year by the Central Bank of Cyprus. At…
EconomySaving around 1000 euro a year with cancellation of roaming charges
A new law about cancellation of roaming charges on the territory of all EU countries came into force.…
EconomyEAC should change their debtor handling policy
According to CypLive, Auditor General Odysseas Michailides believes that Electricity Authority of Cyprus (EAC) should work as efficiently…
EconomyTwin towers will be built in Limassol
The construction of high-rise buildings in Neapolis area is planned to be completed by December 2020. According to…
EconomyRussians are the most active investors
Cyprus Citizenship by Investment Programme was introduced in 2013 and since then has brought to country’s economy more than 4…
EconomyStricter measures for illegal employment in Cyprus
Cyprus authorities have agreed to significantly increase the monitoring and strengthen measures to tackle illegal employment on the…