Industry News

Cyprus economic recovery should not be taken for granted

Cyprus economic recovery should not be taken for granted

Cyprus achieved an impressive economic growth of 2.8% for 2016

In the four years following the economic meltdown of 2013, Cyprus has been able to stabilize its banking system, put its public finances in place, regain access to international markets and achieve an impressive economic growth of 2.8% for 2016. Achieving this without increasing taxes and without scrutinizing public spending shows a certain level of robustness of the national economy.

In a recent interview Finance Minister Harris Georgiades stressed that “Growth is not based on circumstantial and misleading policies, through reckless public spending and budget deficits, nor on excessive and unviable bank lending, as has unfortunately been the case in the past. It comes from real re-ignition of economic activity.” He also stated that “We need such satisfactory but viable growth rates to make up for the lost ground.”

Among the growth triggers pointed out by the ministry are the tourist sector and the citizenship by investment program, which brought in close to €3.5 billion by the end of 2016. Both sectors have contributed to improving a stagnant real estate sector, bringing in foreign investment and ultimately fueling growth when confidence was very low.


Arton Capital to help rebuild Barbuda school

Arton Capital to help rebuild Barbuda school

2017-09-08
2017-09-08

Arton Capital to help rebuild Barbuda school

Global Citizens respond to devastation caused by Hurricane Irma Montreal, 8 September 2017 – Arton

Antigua & Barbuda
Dominica simplifies and lowers its program fees

Dominica simplifies and lowers its program fees

2017-08-29
2017-08-29

Dominica simplifies and lowers its program fees

Dominica’s Citizenship by Investment Unit published amendments today on its fee schedule. For a period of

Dominica
Antigua cabinet slashes CIP fees

Antigua cabinet slashes CIP fees

2017-08-11
2017-08-11

Antigua cabinet slashes CIP fees

Following our recent recommendations and industry analysis as representatives of major real estate developers, the

Antigua & Barbuda
Arton Capital Hungary Office Burgled

Arton Capital Hungary Office Burgled

2017-07-05
2017-07-05

Arton Capital Hungary Office Burgled

Media reporting ‘inaccurate, exaggerated and misleading’ Recently a burglary occurred at Arton Capital’s office on

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