The total revenue generated by the world's 500 largest family businesses grew by 9.9% in the past 24 months, while the number of family businesses from technology-enabled industries increased significantly in their representation in the index over the same period, from 28% in 2017 to 38% in this year’s Index. This is according to the third biennial Global Family Business Index compiled by EY and the University of St. Gallen, Switzerland, which highlights the 500 largest family businesses in the world by revenue, involving at least two generations in the running of the company.

It is a great honour and pleasure for us to co-sponsor with our esteemed colleagues and friends KLC Law firm, Athens the 2019 Legal 500 GC Powerlist event for Cyprus and Greece.

Based on seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for April 2019 decreased to 23,031 persons from 23,548 in the previous month. This figures marks the lowest number of jobless since May 2010.

The cabinet recently authorised deputy ministry for shipping to come up with an incentives plan that would help Cyprus-flagged cruise companies which carry over 1.5m tourists per year to upgrade their vessels.

Cyprus expects initial natural gas production from the Aphrodite field will begin between 2024 and 2025, Cyprus’ Minister of Energy Yiorgos Lakkotrypis said after negotiations with operators and an ownership squabble delayed output.

Cyprus aims at maintaining high primary surpluses and use windfall gains to reduce its high public debt or boost its cash buffers, thereby placing its public debt on a firm downward path, the Finance Ministry has said.

An event dedicated to Venture capital in the South Eastern Mediterranean with a focus on Cyprus, organised by 0100 Conferences, will take place at the Carob Mill venue in Limassol on May 9, 2019.

The presence of companies linked to Cypriot interests in Egypt is deemed as particularly important, since, according to reports in the local financial press, their investments are said to amount to US$400 million.

The evolution of per capita GDP in Cyprus compared to the EU average "reflects the severe impact of the economic and financial crisis on the Cypriot economy," but even so it has grown by 31% in the period 2003-2018.

Cyprus’ seasonally-adjusted unemployment rate was 7% in March 2019 representing 31,000 people 6.9% of whom were men and 7% women.