It is time to put an end to outdated perceptions of Cyprus as a haven for tax evasion and money laundering.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.

Monthly industrial producer prices for energy and consumer goods rose sharpest in Cyprus at 2.4% the largest hike in the EU.

Following the announcement of a revived corporate identity, Cybarco has launched its new website. Featuring the company’s history, heritage and iconic developments, the elegant image-led portal is a one-stop platform for all things “Cyprus property”.

Confidence in the mergers and acquisition (M&A) market is rising, with 58% of technology, media and entertainment, and telecommunications (TMT) executives planning to pursue M&A in the next year – up from 42% six months ago. This is according to the 20th edition of the EY Global Capital Confidence Barometer (CCB), which indicates that concerns around regulatory headwinds and competition are not preventing businesses from harnessing the transformative power of M&A.