SUNDAY, 5 APR 2020



Facebook Linked In Twitter

Zeta Emilianidou Outlines Measures To Support Employment, Workers And Vulnerable Groups

Cyprus Government: €700 Mn To Counteract Coronavirus Repercussions



Nicos Anastasiades: Cyprus Remains One Of the Largest Investors In Bulgaria

Nicos Anastasiades: Cyprus Remains One Of the Largest Investors In Bulgaria

Addressing the Cyprus–Bulgaria Business Forum, hosted in Sofia on the occasion of his official visit to Bulgarian capital in the presence of President Rumen Radev, Anastasiades said that Cyprus remains one of the largest investors in Bulgaria with investments amounting to €2 billion, the CNA reported. 
“This amount,” the President noted, “shows the significant background and the solid basis of our economic cooperation.”
He also welcomed the three Memoranda of Cooperation singed between the chamber of commerce of the two countries, as well as the creation of a Cyprus-Bulgaria Business Association.
Anastasiades also referred to the prospects of tourism between the two countries, noting that tourist flow from Cyprus to Bulgaria has been doubling in the past five years with 50,000 Cypriot holidaymakers visiting Bulgaria, while tourists from Bulgaria to Cyprus rose to 20,000.
“Numbers could be higher but with close cooperation and flight connectivity on a daily basis between Cyprus and various Bulgarian cities the aim of increasing tourist flows to and from Bulgaria is certainly attainable,” President Anastasiades stressed.
Referring to Cyprus, Anastasiades said the authorities have overcome the problems of the 2013 financial crisis, with Cyprus posting fiscal surpluses, recording among the highest growth rates in the EU, while the country’s credit rating returned to investment-grade and unemployment rate is constantly declining.
“I want to believe that the wider investment climate is excellent for all who really want to develop their business activities,” he concluded.
On his part, Radev said that both countries share a common goal of further strengthening the bilateral relations between Cyprus and Bulgaria particularly in the fields of energy, economy, tourism and air connectivity.
Noting that Cyprus is an important partner with a steady increase in trade relations, the Bulgarian President said there is significant room for improvement in the sector of trade and investments.


Natasa Pilides: We Are Considering Appointing A Maritime Ambassador In Hong Kong

This year promises to be one of major change at the Deputy Ministry of Shipping, as major ...

Trade Deficit At €479.5 million For January 2020

In January 2020, based on data released by Cystat, total imports were €699.6 mn as ...

Konstantinos Petridis: Support Package To Ease Coronavirus Economic Impact To Be Announced Soon

A financial support package for the economy in order to address the consequences from ...



Gold News Update

Due to the measures being taken by IMH to contain COVID-19, we shall not be updating this website or sending out our daily newsletter until further notice. ...

A New Global Methodology To Define Cities And Rural Areas

Have you ever asked yourself how Sustainable Development Goal indicators on sustainable cities and communities can be compared if countries across the world ...

Supporting Businesses Working Remotely with “Cisco Webex Meetings & Messaging for Enterprise”

Today, due to global circumstances resulting from COVID-19 (Coronavirus disease), the need for remote working has significantly increased. Amidst this new ...

Cyprus Government: €700 Mn To Counteract Coronavirus Repercussions

Cyprus announced a financial support package of € 700m, equivalent to 3% of the GDP which includes a series of measures, covering health, finance and ...

Cyprus Airways Suspends Its Flights’ Schedule Until 30 April

  Further to the additional measures announced yesterday by the Cypriot government to prevent spreading the coronavirus (COVID-19) in the country, ...

Zeta Emilianidou Outlines Measures To Support Employment, Workers And Vulnerable Groups

Measures to support employment, workers and vulnerable groups of the population  from the effects of the coronavirus protection measures, which are ...

High Potential Startups And Economic Resilience

Economic growth without innovation is hard to imagine. The ultimate source of productivity increases is innovation. About two-thirds of Europe's economic ...

3CX To Offer Free Communications Solution To Businesses In Wake Of Covid-19

3CX, developer of the award-winning business communications solution, has today announced that they will be offering their software to organizations in Cyprus ...