Non-performing loans in the Cypriot banking system rose by more than €1.5bn in January 2018 compared to the month before to €22.1bn, the highest since July last year, as a result of the introductions of new reporting standards, the Central Bank of Cyprus said.

Cyprus’ second largest lender, the state-owned Cooperative Central Bank (CCB), said recently that it had received proposals for the acquisition of its operations from two prospective buyers.

The European Space Agency's space start-ups competition ’Act in Space’ is coming to Cyprus over the weekend of May 26-27.

Greece’s Eurobank and its subsidiary Eurobank Cyprus aspire to help their corporate customers in exploiting export opportunities by participating in the Trade Club Alliance, a strategic partnership with Spain’s Banco Santander, the Greek lender said.

The use of plastic money in Cyprus rose in April 2018 by 12% to €225m compared to the respective month of 2017, JCC Payment Systems, a joint-venture of Cypriot banks said.

Cyprus’ revenue from tourism rose in February 2018 by 13% to €52.7m compared to the respective month of 2017 but tourists from UK drastically reduced their holiday budgets, the statistical service said

The Cyprus Securities and Exchange Commission (CySEC) and the Institute of Certified Public Accountants of Cyprus (ICPAC) recently issued circulars cautioning supervised entities and individuals about the latest US sanctions imposed against Russian companies, enterprises and officials, and their implications.

Melco Group announced recently it has appointed Craig Robertson Ballantyne as property president of City of Dreams Mediterranean and Casinos, the integrated casino resort set to open in Cyprus in 2021.

The European Bank of Reconstruction and Development (EBRD) said that it had revised its forecast for the Cypriot economy to 3.2% for 2018 from a previous 2.5%.

Cyprus, Greece and Israel recently confirmed they would be preparing and signing an inter-state agreement for the EastMed gas pipeline within 2018.