The cabinet recently approved the state budget for 2020, which Finance Minister Harris Georgiades said was balanced and provided for a surplus, but warned of risks to economic stability due to unforeseen Brexit impacts.

Cytaglobal Expands Cloud Constellation’s Presence in Asia, Africa and Europe

A brand new China Park is set to be introduced to the public in Paphos.

Tourist arrivals in August 2019 rose by an annual 3.6% to total 553,845 which constitutes a new all time record for the month, CyStat said recently.

Expectations that Larnaca will get its first shopping mall earlier than expected are high as contractors Iakovou Brothers say they are ahead of schedule.

The real-estate sector in Cyprus has recovered after a prolonged period of economic crisis and is now established as one of the drivers of the economy, with the market showing confidence in its prospects.

Cyprus job vacancies increased 19.3% (993) to 6,141 in Q2 2019 from the same quarter last year when the number was 5,148.

The vital effort to commercialize promising research in Cyprus, which The Hellenic Initiative (THI) supports as an Anchor Donor of the Cyprus Seeds program, has been given a great boost through a €500,000 grant to the first round of the program by the government’s Research and Innovation Foundation (RIF), THI announced on September 13.

A Swedish TV show will be filmed in various areas of Paphos over the coming months, according to the Paphos regional board of tourism.

Cyprus businesses are preparing for a hard Brexit in light of developments in the UK, with London adamant on leading Britain through the European Union exit door by 31 October with or without a deal.