News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyDebts of Cyprus citizens exceed 200 million euro
Cypriots owe more than 223 million euro to the government, with half of this amount being social insurance payments. The Ministry of Justice is trying to find solutions to this problem, while the office…
EconomyNumber of unemployed dropped
Unemployment rate in Cyprus dropped to 11,6% since April this year, however Cyprus still holds 3rd place among…
EconomyPafilia won Paphos marina tender
The Ministry of Commerce, Industry and Tourism of Cyprus announced the winner of a tender for the construction…
EconomyCyprus banks can not handle troubled loans alone
It would take more than 10 years to repay the accumulated debts to the Central bank of Cyprus.…
EconomyRussians interested in overseas property
Russian citizens are showing increased interest in investing in foreign commercial real estate – cafes, restaurants, public catering…
EconomyCyprus reunification will affect economy development
According to Alexandros Apostolides, a head of the Economics Department of the European University of Cyprus, resolution of…
EconomyMelco and Hard Rock receive a casino license
The government of Cyprus issued a license for the construction of a casino to partner companies Melco International…
EconomyLimassol Port will be connected with highway
The port of Limassol will be connected to the Limassol – Paphos motorway. Construction work on the road…
EconomyCyprus 3D seismic survey will start in 2018
This high-tech study can detect minerals at great depths using a three-dimensional model. To be able to do…
EconomyNew aircrafts for Cobalt Air
Six new aircrafts will be added to the fleet of Cobalt Air. The decision to expand the fleet…
EconomyRamform Hyperion vessel arrived in Cyprus
For the next three months the ship will conduct a three-meter seismic survey in the exclusive economic zone…