An increasing number of wealth management clients are willing to pay for financial advice, but what they value is evolving rapidly, as 33% of clients have switched providers in the past three years, and another third plan to do so in the next three years, according to the EY 2019 Global Wealth Research report, which is based on a detailed survey of 2,000 wealth management clients in 26 countries and speaking with 50 different wealth management executives.

Larnaca-based carrier Cyprus Airways announced the launch of ticket sales for its Summer 2020 destinations to Greece, Europe and the Middle East.

Following a short transitional period, Mr. Theodosis Michalopoulos is officially assuming the position of CEO for Microsoft Greece, Cyprus and Malta.

Bank of Cyprus has received the international recognition as the Best Foreign Exchange provider in Cyprus for 2020 by the accredited magazine Global Finance.

Limassol Municipality officially announced recently ACES Europe has designated it as a European city of sport for 2020.

The Ayia Napa marina has been opened for trial operations, the project’s CEO Stavros Caramondanis told media representatives during a guided tour of the site recently.

With its profits continuing to rise on the back of containing expenses, state telecoms operator Cyta will spend €500,000 to hire consultants who will advise on its privatisation process and the search for strategic investors.

Bank of Cyprus recently announced a third-quarter net profit of €19m, and €119m for the first nine months of 2019, as it continued to repair its balance sheet.

The House commerce committee decided unanimously to cut the renewable energy charge on electricity bills by half per KwH from one cent currently in force, starting in 2020.

Cyprus is set to sign a contract to supply natural gas to the domestic market by the end of the year, Energy Minister Yiorgos Lakkotrypis said recently.