The Cyprus Asset Management Company (Kedipes) generated income of €288.3 million in the first 10 months of operation of the state-owned asset manager, established following the sale of the former Cyprus Cooperative Bank (CCB) to Hellenic Bank.

Deputy Minister for Tourism Savvas Perdios said recently that a serious increase of cruise tourism was expected in Cyprus in the coming years.

The deadline to appeal a decision awarding the construction of an LNG import terminal at Vasilikos has elapsed, allowing the project to go ahead after years of successive tenders that were scrapped.

The Cyprus Securities and Exchange Commission (CySec) on Wednesday warned investors and the public about various risks that could arise during the current period due to the extremely low-interest rates in banks.

The first Wine School in Cyprus, delivering exclusively wine qualifications is a fact.

Cyprus has fewer children per teacher in primary school education (12.6) than the EU average (14.7), according to latest Eurostat data.

Chinese investors have bought a 31,171 m² mixed development plot for some €30 million in Limassol, which once hosted LOEL wineries.

The European Investment Bank (EIB) approved two loan schemes for Cyprus totalling €170 million, strengthening government support to small and medium sized enterprises (SMEs) while boosting private sector growth and competitiveness.

Cyprus credit card transactions in August 2019 increased 6% to €422 million, reflecting steady consumer confidence while tax and other online payments to the state played a significant part in the upswing.

Astrobank has come to an agreement in principle for the acquisition of the National Bank of Greece (Cyprus) after months of negotiations in Athens and Cyprus.