Cyprus ranks first in the absorption of funds from the European Social Fund in 2018, the ministry of labour said recently.

The number of foreign students choosing Cyprus for their studies has almost tripled in the last five years proving that efforts to establish the island as a regional education hub are delivering results.

Cypriot businessmen have approached Bank of Cyprus, the main shareholder of the newly-opened Nicosia Mall, to acquire its stake, the press reported recently.

The Cyprus Institute’s master’s programme in simulation and data science is accepting applications for the fall 2019 from graduates or professionals with a strong background in mathematics, computer science, natural science or engineering.

Cyprus’ GDP growth is expected to reach 3.8% in 2018 following 4.2% in 2017, according to the winter interim economic forecast issued recently by the European Commission.

Fig Tree Bay in Protaras is the 13th best beach in the world according to TripAdvisor’s Travelers’ Choice Awards for 2018.

The new statistics of the Cyprus Registrar of Companies and Official Receiver show that the total number of registered companies in Cyprus in 2018 reached 216,572, compared to 217,588 in 2017.

The unemployment figures released by the statistical service showing a 14% drop year-on-year, confirmed that Cyprus was on course to full employment, the government said recently.

The American Chambers of Commerce (AmChams) of Cyprus, Greece and Israel recently signed a memorandum of understanding (MoU), aimed at creating a stable business environment that will also serve American businesses operating in the region.

Bank of Cyprus has recently sold non-performing exposures worth €33.7m to distressed debt manager APS, which is also handling Hellenic Bank’s portfolio of bad debts.