The Cyprus Republic’s recent double bond issuance has made clear that investors now come from a wider geographical spectrum and that fund managers and banks had expressed preference towards the highest-valued bonds, Phileleftheros reports.

Four Paphos items have been added to the National List of Intangible Cultural Heritage by the Cyprus National Commission for UNESCO and the Cultural Services of the Cyprus Ministry of Education and Culture, Phileleftheros reports.

Cyprus welcomed 3.976 million tourists in 2019, recording a 1% increase over the previous year and setting a new record, according to the latest figures published by the Statistical Service on Friday.

The owners of self-catering accommodation with services such as Airbnb will now have to register with the state under a new law passed by the House of Representatives on Friday.

EM Island Bitumen Ltd has submitted plans for the construction of an asphalt storage plant in Mari. The value of the ambitious project is estimated at over €1.5 million.

Russian investors have submitted a successful bid to buy the old Sodap factory in Limassol for €32 million — satisfying the minimum price of €30 million set by current owners Altamira, the Limassol Chamber of Commerce said on its website.

Egyptian Petroleum Minister Tarek El Molla hailed the signing of the East Med Gas Forum foundation charter by Egypt, Cyprus, Greece, Israel, Italy, Jordan and Palestine as a “historic moment” for Mediterranean cooperation.

Cyprus has paid off early an International Monetary Fund loan that was part of a €10 billion rescue package in 2013 from lenders to save the island’s banking system.

Financial crisis survivors Cyprus and Greece are the only two EU countries where house prices and rents have remained in negative territory between 2007 and Q3 2019, according to Eurostat data.

After months of prevarication, MPs on Thursday agreed to invite Central Bank Governor Constantinos Herodotou before the House watchdog committee to inform them about a list of non-performing loans (NPLs) held by Politically Exposed Persons – a matter that has been memory-holed since July last year.