Focus on research, scientific excellence and innovation is what will help Cyprus become an even more competitive economy, said Finance Minister Harris Georgiades addressing “Researcher’s Night” event, organised by the Research and Innovation Foundation.

Thomas Cook’s collapse is a warning for Cyprus to diversify its tourism model, by moving away from focusing on several key markets or relying on a few big tour operators to bring in tourists.

Euro area annual inflation is expected to be 0.9% in September 2019, down from 1.0% in August according to a flash estimate from Eurostat, the statistical office of the European Union.

Cyprus banks are looking for new, fully solvent clients to lend out excess liquidity they now have and which is as high as €14 billion, according to Central Bank of Cyprus data.

Tourism revenue fell by 2.5% on an annual basis in the first seven months of 2019 and by 1.1% in July, according to figures published by Cystat recently.

2019-2020 CIFA Investment Funds Guide produced in association with CountryProfiler.

EY announces the launch of Pointellis, a new solution that supports the provision of individualized therapies that target each cancer patient’s specific treatment needs. The new EY solution is a fully connected data infrastructure that facilitates handoffs of information between unaffiliated entities such as hospitals, laboratories and logistics centers.

PwC Cyprus presented its financial results for 2019, during the Annual Meeting of the organisation, which was held on Friday, 27 September in Limassol. The organisation’s revenue for the fiscal year that ended in June 2019 amounted to €81m, while its total contribution to government revenues over the same period, amounted to €28,3m.

With the tourist industry still trying to calculate the cost of Thomas Cook’s demise, Finance Minister Harris Georgiades said he did not expect the impact would be permanent or long term.

Cyprus’ leading retail bank Hellenic announced after-tax profits of €59.1 million for the first six months of 2019, with results partly reflecting the negative goodwill of acquiring the healthy portfolio of the Co-op.