LATEST NEWS

14 December 2017

CYPRUS EXPERIENCES ECONOMIC GROWTH

According to the latest report from the Statistical Service of Cyprus, the economy of Cyprus grew by 39% in the third quarter of 2017

The Statistical Service of Cyprus mentioned that:

“Τhe GDP growth rate in real terms during the third quarter of 2017 is positive and estimated at 38% over the corresponding quarter of 2016”

The increase in GDP is mainly attributed to the hotel and restaurants sectors of the economy as well as retail, wholesale trade, construction and manufacturing

Moreover, the Index of Industrial Production for September 2017 recorded an increase of 50% compared to September 2016, reaching 89,5 units

Based on the report of the Cyprus Statistical Service, the index recorded an increase of 71% for the period January – September 2017 [ ]

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7 December 2017

Energy giant ENI schedules natural gas drills in Cyprus’s exclusive economic zone. 

After a meeting with the president of Cyprus, Energy Minister Giorgos Lakkotrypis and ENI CEO Claudio Descalzi, announced ENI’s imminent plans for natural gas exploration

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1 December 2017

Tax Update: Cyprus – Jersey Double Tax Treaty officially ratified

The treaty signed between the Republic of Cyprus and Jersey on the 11 July 2016 has been officially ratified. The treaty is based on the

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23 November 2017

Cyprus-Egypt leaders meet: Co-operation in Business and Energy

On Monday, November 20th 2017, President of Egypt Abdel Fattah el-Sisi arrived to Cyprus, a day ahead of the Trilateral Meeting among Cyprus, Greece and

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17 November 2017

A booming Cyprus economy – An investment worth making

Millions of entrepreneurs are attracted to the small island of Cyprus. There are many foreigners who are now purchasing homes ranging from € 2 to

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