Cyprus is promoting a third Start-up Visa scheme with state funding of €500,000 to ensure it is more attractive to third country investors who have so far stayed away.

Tourist arrivals for summer 2019 are expected to record a slight decrease, remaining however around the same levels as 2018, according to the president of the Association of Cyprus Travel Agents (Acta).

The government is said to have clinched a deal with the Aphrodite gas field stakeholders to modify the production sharing contract, with Energy Minister Giorgos Lakkotrypis expected to brief political parties next week.

The Supreme Court of Cyprus granted a prerogative order of Certiorari quashing an anti-suit injunction blocking a Cypriot Company from filing any proceedings in any part of the world, except before the LCIA Court.

Hermes Airports, operators of Cyprus airports, are eyeing a record 11 million passengers for 2019.

A report on Cyprus by the Council of Europe's Committee of Experts for the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) is due in December 2019.

A new joint initiative between Ireland and Cyprus for a Centre of Excellence for Marine and Maritime Research has been awarded a €15 million grant from the European Commission, the Irish website afloat.ie reports.

Liquidity of banks in Cyprus is restored to April 2008 levels when no financial crisis was looming, according to Central Bank of Cyprus data.

With digital services now the leading priority for the telecommunications C-suite, it is little surprise that ineffective digital growth tops a new EY ranking, Top 10 risks for telecommunications operators. This ranking highlights the security requirements due to increased data protection regulation and the widening talent-skills gap as growing risks that demand a shift in approach.

Cyprus tourism is in for a rough ride this year with officials saying that maintaining 2018’s tourist arrival figures would be deemed a success.