Cyprus credit card transactions in September 2019 decreased by 11%, reflecting stable consumer confidence while there were fewer online payments to the state.

In honour of the one-year anniversary of the new local People Advisory Services (PAS) practice, EY Cyprus hosted this year’s annual regional meeting of the PAS leaders. The meeting took place on the 2nd and 3rd October 2019, at the main EY offices in Nicosia, with the participation of 25 Partners from the PAS departments in the Central, Eastern and Southeastern Europe and Central Asia (CESA) region.

While Cyprus tourism is heading for a rough ride as connectivity takes a hit, the major towns are stepping up efforts to offer holidaymakers a more enjoyable experience by becoming smarter, environmentally friendlier and more accessible.

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.