ExxonMobil’s drilling exploratory drilling at the Glafcos-1 site in block 10 is believed to have struck a sizeable gas reserve, according to press reports.

The tourism sector is aiming to maintain arrival rates this year at the same level as in 2017 and 2018, something which head of the association of travel agents (Acta) Vassilis Stamataris said could happen.

Some 21 big projects valued a combined €8 billion need a cash injection says the Large Investment Projects Association in a brochure issued in an effort to promote Cyprus as an ideal investor destination.

Maritime Cyprus, the brand name for the island’s shipping cluster and the competent junior ministry, plans to expand its international presence through a series of measures to be implemented this year, including more offices in leading ports, further reform of the already successful tonnage tax system and incentives to boost the physical presence of companies on the island.

One of Cyprus’ goals is to attract special interest tourism which is huge market but it takes time, specialisation and targeted actions, Deputy Minister for tourism, Savvas Perdios, said recently.

We would like to congratulate our CFO, Alexandra Spyrou, who, following years of hard work and dedication, has been awarded the prestigious Professional Postgraduate Diploma in Private Wealth Advising by the Society of Trust and Estate Practitioners (STEP).

Government bond yields in Cyprus tumbled recently and stood out as the star performer in eurozone debt markets, a day after a 15-year bond sale drew solid demand in a further sign of progress for a country that exited its bailout in 2016.

Melco Resorts & Entertainment has received a collective total of 85 stars across all its properties in the 2019 Forbes Travel Guide (FTG), including 13 Five-Star awards and five Four-Star awards.

EY has announced the opening of the EY Advanced Technology Tax Lab, the first in what will become a global “Tax Lab” network dedicated to solving complex tax issues through the application of advanced technologies. The EY Tax Lab operates in collaboration with renowned Massachusetts Institute of Technology (MIT) computer scientist Alex “Sandy” Pentland, one of the most-cited scientists in the world and leader of the MIT Connection Science and Human Dynamics labs.

Paphos with its mild climate, natural beauty, historic sites and rich heritage is a cosmopolitan resort that has something for everyone at any time of the year. The relaxed tempo of life offers visitors and residents tranquility and peace, few places in the world can offer.