News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyPafilia won Paphos marina tender
The Ministry of Commerce, Industry and Tourism of Cyprus announced the winner of a tender for the construction of Paphos marina. The construction of the Paphos marina will be undertaken by Pafilia construction company.…
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…
EconomyGovernment reports fiscal surplus
According to the report, revenues exceeded spending by almost 65 million euro, indicating 0.4% fiscal surplus. Analysts believe…
EconomyFines in Cyprus to increase by 500%
Ministries of Justice and Transport have come up with a new penalty system proposal. According to Filelefteros newspaper,…