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CYPRUS GDP SET TO GROW OVER THE NEXT TWO YEAR PERIOD ACCORDING TO COMMISSION FORECAST

The economy in Cyprus will grow by 3.2% in 2019, 2.8% in 2020 and 2.5% in 2021, according the European Commission`s Winter Economic Forecast, published today in Brussels, and presented by Commissioner Paolo Gentiloni. Inflation will be 0.8% in 2020 and 1.2% in 2021 and “downside risks are primarily external notably a potential slowdown in … Continue reading CYPRUS GDP SET TO GROW OVER THE NEXT TWO YEAR PERIOD ACCORDING TO COMMISSION FORECAST

DONATION OF SHOE VOUCHERS TO CHILDREN OF POOR FAMILIES IN LARNACA FOR CHRISTMAS

Our company has distributed 110 Christmas shoe vouchers worth €2,750 from Shoebox stores, to children of poor families of Primary Schools in Larnaca. The vouchers were handed over to the Principals and Presidents of the Parents’ Association of the Schools to distribute to the poor children of the following schools: 1. Drosia Primary School 2. … Continue reading DONATION OF SHOE VOUCHERS TO CHILDREN OF POOR FAMILIES IN LARNACA FOR CHRISTMAS

CYPRUS SOON IN THE SCHENGEN ZONE

Cyprus submitted application to enter Schengen area in September Cyprus submitted an application to become part of the Schengen area in September, Foreign Minister Nikos Christodoulides told parliament on Monday. “The government has submitted the application for security reasons and we are now expecting the European Union to come  and start its evaluation process which … Continue reading CYPRUS SOON IN THE SCHENGEN ZONE

CYPRUS AND EGYPT TO FURTHER ENHANCE THEIR COOPERATION IN TOURISM

Cyprus Deputy Minister for Tourism Savvas Perdios and Egyptian Minister for Tourism Rania al Mashat decided to step up their cooperation in the field of tourism, the Cyprus News Agency reports. Perdios met with Mashat on Monday in Cairo. The two officials have laid the groundwork for joint tourist packages which could bring the countries … Continue reading CYPRUS AND EGYPT TO FURTHER ENHANCE THEIR COOPERATION IN TOURISM

CONSTRUCTION OF FIRST MALL IN LARNACA ABOUT TO BEGIN

Larnaca’s Metropolis Mall has secured all the necessary licences and its construction is about to begin. South African development company Acsion Ltd is behind the 40,000 square metre shopping centre while ‘Iacovou Brothers’ is responsible for the project’s construction. Both the local authorities as well as Acsion Ltd have confirmed the latest developments. The Group … Continue reading CONSTRUCTION OF FIRST MALL IN LARNACA ABOUT TO BEGIN

INDIAN BUSINESSES INTERESTED TO INVEST IN CYPRUS

The Cyprus Investment Promotion Agency (Invest Cyprus), recently held a business breakfast for the Indian companies operating in London. The business breakfast falls within the scope of Invest Cyprus’ mission to promote Cyprus as an investment destination and business hub, as well as the Agency’s broader effort to capitalise on the opportunities that arise from … Continue reading INDIAN BUSINESSES INTERESTED TO INVEST IN CYPRUS