Category Archives: Business

CYPRUS: Record number of passports could be issued to foreign investors

This year Cyprus could break the record for the number of passports issued to foreign investors, despite the introduction of stricter criteria in May for its maligned Citizenship for Investment Scheme.

According to data collected by Stockwatch up until May, …

SHIPPING: Confidence dips, as trade wars intensify, says BDO survey

Confidence in the shipping industry fell in the past three months to its lowest level for two and half years, according to the latest Shipping Confidence Survey from shipping advisory and accountants BDO. Yet owners, charterers and managers were more

Industrial Turnover Index for July up 8,0% in July

The Industrial Turnover Index for July 2019 reached 156,7 units (base 2015=100), recording an increase of 8,0% compared to July 2018.

According to the latest figures released by the Statistical Service, for the period January � July 2019, the index …

Industrial Turnover Index for July up 8,0% in July

The Industrial Turnover Index for July 2019 reached 156,7 units (base 2015=100), recording an increase of 8,0% compared to July 2018.

According to the latest figures released by the Statistical Service, for the period January � July 2019, the index …

ECONOMY: Cyprus had highest deficit ratio in the EU last year

Last year, Cyprus had the EU’s highest deficit to GDP ratio (4.4%) while its government debt ratio (100.6%) was the fourth biggest, according to newly updated Eurostat figures.

Only two Member States had deficits equal to or higher than 3% …

ECONOMY: Cyprus had highest deficit ratio in the EU last year

Last year, Cyprus had the EU’s highest deficit to GDP ratio (4.4%) while its government debt ratio (100.6%) was the fourth biggest, according to newly updated Eurostat figures.

Only two Member States had deficits equal to or higher than 3% …