The total assets of investment funds increased to approximately €5.5 billion in the second quarter of 2019, figures released recently by the Central Bank of Cyprus (CBC) showed.

The entry of digital technologies in the healthcare sector creates enormous financial potential for the biopharma industry. However, it also creates major challenges: A study titled “Driving the future of health” conducted by Strategy&, the strategic consulting firm of PwC, among 120 international senior executives of the biggest biopharma companies forecasts an increase of the global healthcare market volume by 10%, from US$ 10.6 trillion in 2018 to US$ 11.6 trillion by 2030.

Finance Minister Harris Georgiades said recently that the economy has continued to grow for the fifth consecutive year in 2019.

A US Congress delegation will visit Cyprus at the end of August 2019 to hold a series of meetings with officials dealing with financial matters, the press has learned.

Although 2019 is a difficult year for tourist there is no reason to panic deputy Minister for Tourism Savvas Perdios said recently, adding that positive developments may be expected with regard to covering losses from flights that no longer operate to and from Cyprus.

We cannot link efforts for the solution of the Cyprus problem with the issue of hydrocarbons in the Cyprus EEZ, Energy Minister Giorgos Lakkotrypis said in a recent interview with Greek media.

The initial round of tariffs imposed by the US government on China imports has started to make significant and demonstrable impacts on global trade, according to PwC’s Global Economy Watch.

Fig Tree Bay in Protaras has been listed third in a list of the top 50 beaches in the world for 2019 by the Big 7 Travel website, behind Croatia’s Zlatni Rat and Australia’s Whitehaven Beach.

Residential property prices rose an average 0.2% in Q4 2018 continuing a positive course for a tenth consecutive quarter, with signs that the upward trajectory will continue this year, the Central Bank of Cyprus said.

The credit profile of Cyprus (Ba2 stable) reflects its small but wealthy economy, improved economic resilience and the government's fiscal outperformance in the wake of the country's banking crisis, Moody's Investors Service has said in an annual report.