cyprus stock exchange

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Cyprus Business Now: Economic Optimism and Market Developments

Cyprus is on the path to economic recovery, with the IMF projecting a decrease in public debt ratio to 70.7% this year and aiming to reach the 60% mark by 2026. The tourism sector is flourishing, with a 9.8% increase in arrivals, while the Cyprus Stock Exchange reflects investor confidence and economic vigor with its recent growth.

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Cyprus Stock Exchange Introduces New Government Bonds

The Cyprus Stock Exchange has introduced new 13week government bonds issued by the Republic of Cyprus, each with a €1,000 nominal value and a total issue of €25 million. These noninterestbearing bonds, with ISIN code CY0240880811, are set to mature on June 21, 2024, offering investors a unique opportunity to diversify their portfolios and engage with the island nation’s financial market.

cyprus stock exchange budget approval

Cyprus Stock Exchange Budget Approved for 2024

The Cyprus Stock Exchange (CSE) faces a budget deficit in 2024, with expenses surpassing revenues by over €1.6 million. To cover this shortfall, the CSE plans to tap into its cash reserves, ensuring operational continuity and financial stability for the upcoming year.

finance smes

Cyprus Business Now

Alternative financing options for SMEs and startups in Cyprus, including stock exchange listing, are being highlighted by the Cyprus Chamber of Commerce and Industry on March 13, 2024, to aid in capital raising. Additionally, the National Betting Authority’s recent financial insights revealed that the Limassol casino has generated €421 million in revenue for the government.

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