Nicosia: The International Monetary Fund (IMF) has lauded Cyprus’ robust fiscal and economic performance in 2024, highlighting a 4.3% budget surplus and a reduction in public debt to 65% of GDP. However, in its latest Article IV Consultation report for 2025, which was published on Monday evening, the IMF also
Nicosia: Cypriot companies operating in the defence industry are experiencing rapid growth, as reported to the House Committee on Energy, Commerce, and Industry by the Cyprus Chamber of Commerce and Industry (CCCI) and the Cyprus Association of Research and Innovation Enterprises (CARIE). According to CCCI, the number of defence-related companies
Nicosia: Professor Despo Fatta-Kassinos, from the Department of Civil and Environmental Engineering of the University of Cyprus (UCY), has been appointed as one of the seven members of the newly established Engineering Section Committee of Academia Europaea. According to Cyprus News Agency, a UCY press release stated that the Committee
Nicosia: Cyprus had the second largest share of overnight stays by foreign visitors in the EU during the first quarter of 2025, according to data on tourism accommodation published by Eurostat. According to Cyprus News Agency, on average, across the EU foreign visitors accounted for approximately 45.6% of all overnight
Paphos: Our priority is the protection of investors and the preservation of the credibility and transparency of the Cypriot capital market, a spokesperson for the Cyprus Securities and Exchange Commission (CySEC) said on Tuesday. According to Cyprus News Agency, in a written statement, following allegations made by the Mayor of
Nicosia: The Cyprus Stock Exchange (CSE) concluded its trading session with varied performances across its indices. The CSE All Share Index highlighted the day’s trading activities, reflecting fluctuations in the market. According to Cyprus News Agency, the FTSE/CySE 20 index recorded a slight increase of 0.030%, reaching a value of
