In a written statement, Government Spokesman Prodromos Prodromou said that important conclusions can be drawn from the 6th Post-Programme Surveillance (PPS) assessment report which refers to the huge progress of the Cypriot economy. “As it is noted, despite some signs of fatigue in the international economic environment, Cyprus stands out in 2019 with a strong growth of 4%”.

THE BEST OF THE BEST… AGAIN

The number of millionaires living in Cyprus with assets of $30m and above is rapidly rising, according to a survey conducted by Knight Frank.

The University of Cyprus (UCY) has acquired a building permit for a photovoltaic park and is proceeding into a call for tenders for its construction.

Around 470,000 people had visited the three casinos in the Republic by the end of January 2019, gambling away €210m, the Gaming and Casino Supervision Commission, said recently.

The president has appointed Constantinos Herodotou governor of the central bank of Cyprus, it was announced recently.

The IMF said recently it expected Cyprus to maintain the capacity to repay its debt but warned that this could change under certain circumstances, including court cases, a hard Brexit, and weaker growth in Europe.

The Cyprus Centre of Business Research is organising its second annual conference, held this year in Limassol under the umbrella title Re-inventing Tourism.

Economic Sentiment declined in March 2019 for the third month in a row mainly due to a deterioration in business confidence in the services sector, the University of Cyprus Economic Research Centre (ERC) said.

The government has decided to expand the Cyprus Startup Visa programme for another two years and grant 150 visas to third country nationals to live and work in the country for a year to establish, operate or develop their startup.