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Cyprus Business Now: tourism performance, government surplus, SME funding

The article from Cyprus Mail, published on November 30, 2024, discusses several key economic developments in Cyprus. It highlights the robust performance of the tourism sector, with a significant increase in tourist arrivals and revenue, particularly from markets like the UK, Russia, and Israel. The government has reported a budget surplus, attributed to higher tax revenues and controlled public spending. Additionally, there's a new initiative aimed at supporting Small and Medium Enterprises (SMEs) through funding programs designed to foster innovation, growth, and competitiveness. This funding is part of a broader strategy to diversify the economy and reduce reliance on traditional sectors like tourism and real estate. The article also touches on the ongoing efforts to attract foreign investment and improve the business environment in Cyprus.

Read the Full Cyprus Mail Article at:
[ https://cyprus-mail.com/2024/11/30/cyprus-business-now-tourism-performance-government-surplus-sme-funding/ ]