Cyprus raised €1.25 billion from a double-bond issue that was hugely oversubscribed as Nicosia tapped European markets to pay-off a 2011 Russian loan early.

Hellenic Bank said recently it had recorded a net profit of €320m in 2018 mainly on the positive impact of the negative goodwill of €297,9m stemming from the acquisition of the co-op bank.

Across Europe girls and women were largely in a minority, accounting for only 17% of all ICT students but this figure was much higher in Cyprus at 26%.

Last week, during talks held in Beirut between the Cyprus Foreign Minister, Mr. Nicos Christodoulides and Energy Minister, Mr. Yiorgos Lakkotrypis and their Lebanese counterparts Mr. Gebran Bassil and Mr. Nada Boustani it was agreed that the two countries will commence negotiations on the exploitation of natural gas reserves in their exclusive economic zones (EEZ).

The government has scrapped a competition regarding the development of Larnaca’s marina and port as a single project, but will be engaging in direct negotiations with the last remaining bidder.

The Association of Cyprus Travel Agents (Acta) recently welcomed steps being taken to boost tourism through the creation of the new deputy ministry, and plans to increase air connectivity to the island.

Egypt Petroleum Minister Tarek El Molla argues that natural gas can act as a catalyst in the promotion of peace and stability in the East Med region.

RCB Bank is extending its range of fixed-term deposit solutions in the context of its new five-year strategy for organic growth in the Cyprus market.

Rents in Cyprus are continuing their upward trend, spiking by 40% on average in Limassol and 33% in Nicosia compared to 2018, according to the Labour Ministry.

Cyprus had the highest deficit ratio in the EU in 2018 at 4.8% of GDP and fourth widest government debt ratio at 102.5% of GDP.