The business world is changing rapidly and Cyprus has to be in alignment rather than an exhausted follower, according to analysts.

Inflation in Cyprus was 0.5% in November, up from -0.5% in October and down from 1.6% in November 2018.

An important step towards the implementation of the sustainable development plan of the Akamas national forest park has been taken, with the completion of the architectural competition for infrastructures that will be created to serve and manage visitors arriving at the park.

The licensing process for 5G wireless is proceeding as planned and as expected the platforms will be allocated to providers within the deadlines set by EU legislation.

Larnaca and Paphos airports have set a new annual passenger traffic record as they welcomed 11 million passengers for the first time.

The Cyprus branch of the UN Sustainable Development Solutions Network (SDSN) has been launched by academic institutions, it was announced on Friday.

The shadow economy in Cyprus is on the rise and certainly much higher than the European Union’s average, according to IMF’s report “Explaining the shadow economy in Europe: size, causes and policy options”.

Non–Performing Exposures (NPEs) in Cyprus’ banking sector fell €27m to €9.68bn in July 2019, compared with the previous month, according to the latest data released by the Central Bank of Cyprus (CBC). The ratio of NPEs on total loans decreased slightly to 29.6%.

The global maritime transport industry has submitted a proposal to form the world’s first collaborative shipping research and development (R&D) programme to help eliminate CO2 emissions from international shipping, according to a statement released by the International Chamber of Shipping (ICS).

Annual quotas of 169 tonnes of bluefin tuna and 54 tonnes of swordfish for 2020, compared to 153 and 55 tonnes respectively in 2019 were approved for Cyprus by the EU Agriculture and Fisheries Council, according to Agriculture Minister Costas Kadis.