The final stage of raising capital for the project has been reached, EuroAsia Interconnector Limited, the promoter for the mooted subsea cable that will connect the electricity grids of Israel, Cyprus, Crete and Attica in Greece to the European system, has said.

Cyprus recorded the largest decrease among EU countries in Non-Performing Loans (NPLs) between June 2017 and June 2018, according to a report by the European Banking Authority (EBA).

Cyprus recorded record tourist arrivals in November with a rise of almost ten per cent over November 2017, Cystat said on Monday.

The value of Cyprus` total exports stood at €4 billion in the period January to October 2018, representing an increase of 56% compared to the same period of 2017, according to Eurostat, the statistical office of the EU.

Hungary considers realistic the extraction and transfer of natural gas from Aphrodite gas field, Foreign Minister Peter Szijiarto said in Nicosia after talks on Friday with his Cypriot counterpart Nikos Christodoulides. The two Ministers signed a memorandum of understanding for cooperation in the energy field.

According to recently published data of the Statistical Service of Cyprus, trade deficit declined by €182.3 million from January to September of 2018. Cyprus’ trade deficit dropped to €3,049.5 million in January-September 2018 from €3,231.8 million in the corresponding period of 2017.

Nearly one in two property sales in the first 11 months of 2018 were to non-Cypriots, according to Land and Surveys Department figures analysed by Insider.

A mixed tourist development that includes a five star hotel and luxury villas is being planned on the site of the now derelict Beau Rivage Hotel and a nearby 33,000 square metre plot of land on the Pyla coastal front, Phileleftheros reported on Thursday.

Dr Kirill Zimarin, CEO of RCB Bank Ltd has been re-elected president of the Association of International Banks in Cyprus during the 16th Annual General Meeting that took place in Limassol.

Ayia Napa council on Tuesday presented its new online platform Always Ayia Napa, an interactive guide for tourists.