EIB signed new loan agreements with CCB and Hellenic Bank

The European Investment Bank (EIB) signed yesterday with Hellenic Bank and the Cyprus Cooperative Bank (CCB) two new loan agreements of €40 million and €25 million respectively aiming to provide C [...]

The biggest casino-resort in Europe to operate in Cyprus by 2021

“City of Dreams Mediterranean”, an integrated casino resort, considered to be the one of its kind in Europe will be operational by 2021, generating an annual contribution of €700 million to the [...]

EIB to grant loans of €65m to Cyprus Cooperative Bank and Hellenic Bank

The European Investment Bank (EIB) will sign new loan agreements with the Cyprus Cooperative Bank and Hellenic Bank amounting to €25 million and €40 million respectively. The loan agreements, und [...]

Property transactions up 36% in January

In Paphos, property transactions rose 10 per cent to 349, in Larnaca 18 per cent to 181 and in the Famagusta district 94 per cent to 169, the department said. The above figures also include propertie [...]

Economic sentiment indicator deteriorated in December

The Economic Sentiment Indicator in Cyprus deteriorated as the Economic Sentiment Indicator (ESI-CypERC) decreased in December 2017 by 3.4 points compared with November 2017 declining to 118.9 units.H [...]

Cyprus to table coordinates of the remaining of its EEZ

The Republic of Cyprus is taking all the necessary steps to table the coordinates relating to the rest of its Exclusive Economic Zone (EEZ), for which the said coordinates have not been tabled, Foreig [...]

Saudi Aramco shows interest to do business in Cypriot EEZ

Saudi Arabian oil company Saudi Aramco has expressed interest to do business in Cyprus’ Exclusive Economic Zone, according to a PIO press release. It is noted that on the sidelines of President Ana [...]

Agreement with Saudi Arabia on avoidance of double taxation

Cyprus and Saudi Arabia signed on Wednesday a Convention for the avoidance of double taxation with respect to taxes on income and for the prevention of tax evasion.  The Convention was signed during [...]

Liquidity in economy improves in November, central bank says

Total loans rose in November by €32.6m in a month to €52.1bn after falling by €110m in October. The increase in loans was mainly on €87.5m in fresh credit extended to corporations in November [...]

Open sea vessel to arrive in Cyprus

An open sea vessel is expected to arrive today at the Larnaca Port, in the framework of an agreement between the Republic of Cyprus and the State of Israel, in accordance with contractual obligations [...]
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