Finance Minister, Harris Georgiades, said recently that the confirmation of Cyprus’ credit rating by Canadian rating agency DBRS was a positive development.

DBRS Ratings Limited (DBRS) has confirmed Cyprus’ Long-Term Foreign and Local Currency – Issuer Ratings at BBB (low).

Contrary to what was expected, tourist arrivals rose by 4.8% in April 2019 compared to last year, a new record.

A team from the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, also known as Moneyval, arrived in Cyprus recently for a comprehensive review of Cyprus’ corporate, legal and financial sectors.

The Ledra Arcade, a commercial centre in central Nicosia that used to belong to the Cyprus Trading Corporation (CTC) is up for sale by the Bank of Cyprus’ Real Estate Management Unit (Remu) for €10.5m.

Cyprus Seeds completed the second phase of the evaluation process, namely the Web-Video Interviews with the 16 projects which were short listed on the basis of the written applications.

Lebanese Byblos Bank celebrates the opening of its new Cyprus branch premises in Limassol with an inauguration recently.

New Central Bank Governor Constantinos Herodotou, has called on Cypriot banks to invest in technology and staff training to speed up due diligence checks on lawful transactions for anti-money laundering (AML).

EY recognizes that many talented and capable people need to work flexibly whilst pursuing their professional ambitions. Over the last years, flexible working has become the way we do business across the globe – it is now embedded into our culture, whether on a formal or informal basis.

Minister of Foreign Affairs, Mr. George Lakkotripis recently reported to the Cyprus News Agency (CNA), that significant progress has been made in the discussions regarding licensing energy field no. 7 to the TOTAL-ENI consortium. He added however, that some legal issues are pending for final settlement.