Cyprus had six billionaires in 2018, one less than in 2017, but their combined wealth rose from $17.6 b to $19.9 b, beating the worldwide trend, according to the latest UBS and PwC Billionaires Insights report.

Ryanair has announced two new summer 2020 routes that will improve Paphos flight connections with Poland and has launched a seat sale to mark the occasion.

Significant progress achieved in the Cyprus investment funds industry was highlighted at an International Funds Summit in Nicosia with 580 participants.

Revenue from Cyprus tourism edged up 0.8% in August 2019 reaching €431.6 million on the same month last year, in the first increase since April.

The collapse of British air and tour operator Thomas Cook sent alarm bells in the tourism industry in Cyprus and Greece, with Cypriot hoteliers facing a €50 m shortfall due to the inability of the group to meet its obligations.

Larnaca mayor Andreas Vyras said recently that the conditions were now right for the relocation of the petroleum and LPG facilities from the coast to Vasilikos to take place.

In 2018, flows of money sent by residents of the European Union (EU) to non-EU countries, referred to as personal transfers, amounted to €35.6 billion, compared with €32.6 billion in 2017.

Villa 'Andromeda', a brand-new show property, is now open for viewing to prospective buyers at Coral Seas Villas which is superbly located on the coastline in a pristine area of picturesque Coral Bay an idyllic location and A-list celebrity hot spot.

After the government’s decision to revoke 26 passports given to investors who failed the tighter criteria test, real estate stakeholders are uneasy as they feel the Citizenship for Investment scheme is at risk.

RCB Bank and American Express have launched two partnership agreements that will enable the bank to provide merchant recruitment and payment processing in Cyprus on behalf of Amex.