A mixed tourist development that includes a five star hotel and luxury villas is being planned on the site of the now derelict Beau Rivage Hotel and a nearby 33,000 square metre plot of land on the Pyla coastal front, Phileleftheros reported on Thursday.

Dr Kirill Zimarin, CEO of RCB Bank Ltd has been re-elected president of the Association of International Banks in Cyprus during the 16th Annual General Meeting that took place in Limassol.

Ayia Napa council on Tuesday presented its new online platform Always Ayia Napa, an interactive guide for tourists.

Inflation rate stood at 1.9% in the Eurozone, and 1.6% in Cyprus, for November 2018, down from 2.2% and 1.9% respectively in October, according to Eurostat, the statistical office of the European Union. A year earlier, the rate was 1.5% in the Eurozone and 0.2% in Cyprus.

Seawater quality in bathing sites in Cyprus is the third best in the EU, a Eurostat study found.

The value of building permits spiked by an annual 46% in January – September 2018 to €1.55 billion owing to rise in large projects, according to data released by the Cyprus Statistical Service (Cystat).

Cyprus Casinos Nicosia (C2 Nicosia) has opened its doors to the public.

Cypriots appear to be more comfortable spending this Christmas with credit card expenditure up 16 per cent at the start of the holiday season compared with the same time last year, Bank of Cyprus said.

GDP growth rate in real terms, during the third quarter of 2018, is estimated at 3.7% over the corresponding quarter of 2017, according to data released on Friday by the Statistical Service of Cyprus.

A research done by the Economic Research Centre University of Cyprus highlights that economic sentiment improved in Cyprus in November; specifically, the economic sentiment indicator rose by 2.6% compared with the previous month, reaching 115.2 units.