Consumer-facing companies must change how they are transforming their businesses and take bold steps in order to remain relevant to the data and technology-enabled smart consumer, according to EY FutureConsumer.Now research that identified five business imperatives for consumer-facing companies to act on now.

Property sales in 2018 were more than twice those in the financial crisis year of 2013.

Paphos has been ranked ninth best value for money destination for UK travellers in an annual report released by the Post Office Travel Money’s Worldwide Holiday Costs Barometre.

Non-performing exposures (NPEs) in the Cyprus banking system dropped to €11.02 billion in September 2018 marking a €5.6 billion reduction since end-June 2018 as Hellenic Bank acquired the performing part of the state-owned Cyprus Cooperative Bank, which has been converted to an asset management company.

The results of a Pan-European survey carried out by the Cyprus Chamber of Commerce at the end of 2018 showed that businesses in Cyprus are optimistic about the new year with regards to prospects for growth but remain concerned over red tape and energy prices.

Despite an increase in its R&D spending, Cyprus still has one of the EU’s lowest scores in R&D intensity, Eurostat figures showed recently.

Cyprus has been ranked the third most family friendly destination in Europe for a beach holiday, according to the Family Beach Index compiled by British travel firm On The Beach.

Cyprus’ passport was ranked 16th worldwide in terms of global access, according to the Henley Passport index.

EY has been recognized by Forrester Research as a leader in innovation consulting services in The Forrester Wave™: Innovation Consulting Services Providers, Q4 2018.

Cyprus’ external trade deficit for the period of January – November 2018 declined by 13.5% compared with the respective period of 2017 due to a spike in exports, according to provisional data released by the Cyprus Statistical Service (Cystat).