Non-resident bank deposits registered a 13% drop in 2018 as a result of stricter anti-money laundering (AML) policies adopted by the banking sector, the central bank of Cyprus (CBC) said recently.

Melco, the company bringing City of Dreams Mediterranean, Europe’s first Integrated Casino Resort (ICR) to Cyprus, has announced new career opportunities at the satellite casino in Αyia Napa, scheduled to open in 2019.

Revenue from tourism reached €39.6m in January 2019 compared with €38.4m in the same month of the previous year, recording an increase of 3.1%, the statistical service said recently.

Airport passenger numbers in January and February 2019 increased by 7.6% compared to the same period last year, while a record number of almost 11 million passengers were handled by the island’s two airports in 2018.

Following the success of last year’s programme, KPMG in Cyprus is delighted to welcome again at its premises Chinese students for the high-calibre training and practice programme titled “Future Business Leader”.

Representatives from the Paphos’ tourist sector will visit Poland next week to boost the district’s profile as an all-year tourist destination.

AIPFE Cyprus-Women of Europe in collaboration with EY Cyprus and The Cyprus Institute of Marketing (CIM) officially launched the successful European initiative Women Fit for Business (WF4B) Cyprus on 28th March 2019 at the EY Cyprus main office in Nicosia.

Integrated Casino Resort Cyprus (ICR) announced recently that it had awarded the tender for construction of Limassol’s City of Dreams Mediterranean Integrated Casino Resort to Avax – Terna JV – formerly known as J&P Avax – Terna JV)- a joint venture which is 60% owned by AVAX SA and 40% owned by Terna SA.

Between 2016-2017, the number of high-growth enterprises increased by more than the EU average in 16 EU Member States, the spike was highest in Cyprus (57%).

In 2018, the state handed out €6.7 million as sponsorship to parliamentary parties, while the cost of parliamentary associates’ wages was €3,750,000, according to data made public by the Audit Office.