Latest News In Cyprus

Limassol in the Top 10

The US comapny Trip Advisor, issued a list of 10 destinations which appear to be of great interest to tourists worldwide.These destinations are expected to experience a rise in tourist arrivals in 2019. Limassol ranked number 3.

Alpha Bank  (ALPHA BANK) 

Rise in the tourist revenue and the budget according to Alpha Bank.

The tourist revenue in Cyprus has risen to 2.1% (on an annual basis) in September, according to the financial newsletter of Alpha Bank. 

GDP (GDP )

RISE IN GDP AND IN EMPLOYMENT DURING THE THIRD TRIMESTER OF 2018

The updated GDP has risen to 0,2% in the eurozone (EA19), 0,3% in EU28 and 0,8% in Cyprus during the third trimester of 2018 compared to the previous trimester, according to estimations published by the EU Eurostat Statistics. During the second trimester of 2018, GDP has risen to 0,4% in the eurozone, to 0,5% in EU28 and to 0,8% in Cyprus.

INVESTMENTS  (INVESTMENTS)

Multiple actions in London for attracting investments in Cyprus.The Cyprus Investment Promotion Agency (CIPA/Invest Cyprus) has had a multiple presence in London recently participating not only in seminars but mostly in targeted events.

Website (Website)

New website of Ministry of Finance for consumers

Citizens will have the opportunity to compare the bank fees related to payment accounts on the new website of the Ministry of Finance.

PURCHASE OF BONDS (PURCHASE OF BONDS )

Applications for the purchase of six-year bonds which were approved have risen to 302.

The total amount of €17.943.200 for the purchase of six-year bonds by natural persons was approved by the Government until 20^th November 2018 when the receiving of applications of the 12^th Series was terminated (December 2018).

TOURISM - ( TOURISM )

Positive perspectives in the tourist sector for 2019

The message that a few days before the completion of a successful year, Cyprus has even better perspectives and potentials in the tourist sector, was sent by CTO chief Angelos Loizou.

GROWTH RATE - (GROWTH RATE)

The economy growth rate is estimated at 3.7%.

After the correction of GDP regarding the seasonal fluctuations and working days, economy growth rate during the third trimester of 2018 compared to the respective trimester of 2017, is estimated at 3.7%.

BUILDING PERMITS  (BUILDING PERMITS)

The increase in the value of the building permits has reached 45.8%.

The value of the building permits issued during the period January- September 2018 has increased to 45.8% on an annual basis, reaching €1,55 billion compared to €1,06 billion the same period last year. The increase is mainly due to the rise of the big projects. 

LAND REGISTRY  (LAND REGISTRY)

The procedure of upgrading the Geographical Information System of the Land Registry is in process.

THE INTERNET  (THE INTERNET)

There is an increase in the use of the internet in Cyprus.