February 2019 saw property sales go through the roof, as the second month of the year recorded an increase of 25% in sales documents being submitted with the Land Registry.

In 2017, renewable energy accounted for 19.5 % of the total energy used for heating and cooling in the European Union (EU), Eurostat said recently.

City of Dreams Mediterranean Integrated Casino Resort has been officially announced as the European Casino Association’s (ECA) 29th member.

Bank of Cyprus CEO John Patrick Hourican has handed in his resignation to the group, and will leave the island after working six months notice in September 2019, the bank announced recently.

Preliminary results for 2018, published by the Bank of Cyprus recently, showed a loss after tax of €104 million, which was a significant improvement on the previous year’s losses of €551.9 million.

The European Bank for Reconstruction and Development (EBRD), in collaboration with the Ministry of Energy, Commerce and Industry, is promoting a scheme to support small and medium-sized enterprises (SMEs) looking to increase their sales, reach new customers and improve efficiency of their operations.

Greek company NBG PANGAEA will become the owner of 21 large commercial properties on the island after a deal with Bank of Cyprus to buy a Real Estate Investment Fund established by the bank.

The natural gas discovery in an offshore field inside the island exclusive economic zone (EEZ) has put Cyprus on the map with strong footholds, President Nicos Anastasiades said recently.

Parliament recently approved a bill establishing a national investment fund, to manage future revenues from hydrocarbons.

Revenue from tourism rose to a new high in 2018 according to data released recently by the Statistical Service.