The cabinet recently authorised deputy ministry for shipping to come up with an incentives plan that would help Cyprus-flagged cruise companies which carry over 1.5m tourists per year to upgrade their vessels.

Cyprus expects initial natural gas production from the Aphrodite field will begin between 2024 and 2025, Cyprus’ Minister of Energy Yiorgos Lakkotrypis said after negotiations with operators and an ownership squabble delayed output.

Cyprus aims at maintaining high primary surpluses and use windfall gains to reduce its high public debt or boost its cash buffers, thereby placing its public debt on a firm downward path, the Finance Ministry has said.

An event dedicated to Venture capital in the South Eastern Mediterranean with a focus on Cyprus, organised by 0100 Conferences, will take place at the Carob Mill venue in Limassol on May 9, 2019.

The presence of companies linked to Cypriot interests in Egypt is deemed as particularly important, since, according to reports in the local financial press, their investments are said to amount to US$400 million.

The evolution of per capita GDP in Cyprus compared to the EU average "reflects the severe impact of the economic and financial crisis on the Cypriot economy," but even so it has grown by 31% in the period 2003-2018.

Cyprus’ seasonally-adjusted unemployment rate was 7% in March 2019 representing 31,000 people 6.9% of whom were men and 7% women.

The increase in tourism and home-sharing practices on platforms like Airbnb has led to a spike in property price and rental increases especially in Limassol, according to recently-released findings by DANOS International Property Consultants (DANOS / BNPPRE).

Hopes of Cyprus making a comeback as a holiday cruise destination have been revived as operators will double their stopovers this year compared to last season’s cruise liner traffic.

Transport Minister Vassiliki Anastasiadou said recently that the government had submitted to Chinese authorities a draft proposal on air links between Cyprus and China.