A draft bill to regulate blockchain technology in Cyprus is expected to be ready before the end of 2019, as part of the National Strategy of Cyprus for blockchain that has been prepared, Finance Minister Harris Georgiades said recently.

Europe’s largest integrated casino resort (ICR) is on track to open in Limassol in late 2021 but the cost will exceed the initial budget of €550m to around €600m, Melco said.

The Cyprus banking system continues to post the second highest Non-Performing Loan (NPL) ratio in the EU, following Greece, according data published by the European Banking Authority (EBA) recently.

It is time to put an end to outdated perceptions of Cyprus as a haven for tax evasion and money laundering. Today, the small EU state has in fact some of the toughest AML measures in place on a global scale and is attracting serious business and FDI to support its economic growth. This new AML framework of Cyprus can reasonably class the island as a model amongst all other European jurisdictions.

Cyprus Casinos ‘C2’ have attracted over 880,000 visitors from across the globe in its locations in Limassol, Nicosia and Larnaca, the company said recently, as it marked one year of operations on the island.

Cyprus airports saw a 3.6% increase in passenger traffic in the first six months to June 2019 compared to the same period last year, according to data from operator Hermes Airports.

Swiss International Air Lines (SWISS), which is part of the Lufthansa Group, has launched flights from Geneva, Switzerland to Larnaca, Cyprus.

The European Bank for Reconstruction and Development (EBRD) has appointed Andreea Moraru to lead its operations in Greece and Cyprus.

Tourist arrivals are down on 2018, confirming initial fears that 2019 will be difficult, Cyprus Hotels Association chairman Harris Loizides told the press recently.

InterContinental Hotels Group, one of the largest hotel chains in the world, announced that the new Hotel Indigo in Larnaca will open to the public by the end of 2019.