LATEST NEWS

20 September 2017

Standard & Poor’s (S&P) Revise and Raise Cyprus Credit Rating

On Friday, September 15th of 2017, S&P Global Ratings revised the sovereign credit outlook of the Republic of Cyprus to positive from stable, citing that “faster expected GDP growth and consequent banks’ loan restructuring” as the main drivers behind the improved outlook They raised its long-term foreign and local currency sovereign credit ratings on Cyprus to BB from BB However it also confirmed that the short-term foreign and local currency ratings remain at B

S&P stated that the upgrade reflects their view that Cyprus’ economic and budgetary performance has been more/excessively positive than anticipated during the past six months S&P also mentioned that “the government’s commitment to significant fiscal, financial sector, structural reforms, along with assistance from its European partners [ ]

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14 September 2017

150+ foreign investors attend the 2nd Cyprus Investors Summit

More than 150 investors from more than 25 countries arrived in Cyprus in order to participate in the 2nd Cyprus Investors Summit, organized by the

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8 September 2017

Cyprus citizenship by investment scheme most attractive in EU

In the Financial Times Professional Wealth Management Group’s report on citizenship by investment schemes around the world, Cyprus was ranked 7th out of the 12

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7 September 2017

CYPRUS NATURAL GAS UPDATE

The Minister of Energy, Commerce, Industry and Tourism, Mr. George Lakkotrypis pointed out that the drilling of the Onisiforos plot in the Cyprus Exclusive Economic

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1 September 2017

Residential property prices in Cyprus record annual increase

According to data released by the Central Bank of Cyprus (CBC) past Friday, residential property prices in Cyprus recorded their first annual increase in seven

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