The procedures to invite tenders for the development of Larnaca’s marina and port are on track, the Transport Ministry said recently.

The annual inflation rate rose in August 2018 to 2.5% — the highest in seven years — from 2.3% the previous month, once more exposing Cyprus’ vulnerability to energy price hikes.

The number of registered unemployed in Cyprus decreased in August 2018 by 7,137 people or 23%, compared to August 2017.

10% more hotel beds will be available in Paphos for the upcoming winter season compared to last year’s figures, officials said

The Central Bank of Cyprus said that the European Central Bank (ECB) has now revoked the Cyprus Co-operative Bank’s banking licence which allowed it to operate as a credit institution, after the state-owned bank gave it up voluntarily.

Eurobank Cyprus Ltd, the Cypriot subsidiary of Greece’s Eurobank, generated an after-tax profit of €24.1m in the first half of the year compared to a €41.1m profit in the entire financial year 2017, the bank said recently.

Industrial producer prices in Cyprus rose by 1.9% in July 2018, compared to the previous month, according to figures released by Eurostat, the statistical office of the European Union.

The competition process to develop Larnaca’s marina and port as a single project has been pushed back yet again, with the town’s mayor warning that the interested foreign investors may walk away entirely should the government insist on certain unreasonable terms.

Moody’s investor service said Bank of Cyprus’ sale of nonperforming exposures (NPEs) to Apollo Global Management LLC, is credit positive in its recent Credit Outlook.

The number of property transactions rose in August 2018 an annual 14% to 653 mainly on a strong performance of the property market in Limassol, the Department of Lands and Surveys said