After just over one year in operation Cyprus Casinos celebrated another important milestone by welcoming its one-millionth visitor in July 2019.

Household debt dropped slightly to €20.4b in March 2019 from €20.5b in December 2018, accounting for 97% of Cyprus’ GDP, according to the Central Bank of Cyprus.

Vassiliko Cement Works posted after tax profits of €10.1m for the first six months of 2019, a 13.5% jump on the €8.9m made during the same period last year.

Cyprus has the second-highest number of mobile tertiary students in the EU, according to the latest Eurostat figures published recently.

The joint venture of Kition Ocean Holdings has submitted its proposal for the development of the existing Larnaca port and marina.

Energy Minister Giorgos Lakkotrypis said recently that a cabinet decision the previous day granting licences to France’s Total and Italy’s Eni for block 7 of Cyprus’ exclusive economic zone (EEZ) would strengthen the consortium in several ways.

The University of Cyprus Economic Research Centre said recently that economic sentiment in Cyprus deteriorated in July as the Economic Sentiment Indicator (ESI-CypERC) decreased by 1.7 points compared with June 2019.

The cabinet recently licensed energy companies ENI and Total to explore block seven of Cyprus’ exclusive economic zone (EEZ) and approved a partnership between the two in five other blocks.

Insecurity caused by continuous changes in the foreclosures law are not only taking their toll on the country’s banks but have a broader effect on the local economy bringing down the local stock market heavily depended on banking stocks.

LED lights will likely replace all conventional street lights in Cyprus by 2020, way earlier than the global goal which is to have 90% of street lighting in the form of LED lamps, senior manager at the Electricity Authority (EAC) Yiangos Frangoulides has said.