EY’s Transaction Advisory Services (TAS) practice has received two awards at the Mergermarket M&A Awards 2018 for Europe ceremony organised by Mergermarket, an independent mergers and acquisitions intelligence and data provider. The Mergermarket M&A Awards are the top accolades in the deal industry in Europe.

The total tax debts due to the state at the end of the third quarter of 2018 stood at €2.28bn, some €250m less than the second quarter of that year.

Google searches by people interested in tourism in Cyprus reach about 100 million a year, while in 2017 there was a 60% increase, according to the Google Travel Director for Greece, Bulgaria, Cyprus and Malta, Orestis Andrianis.

The expertise of the Cyprus' lawyers, accountants, auditors and other specialists, often European or US trained, offer full and efficient services in all aspects of company law and tax planning, and the world’s leading accountancy and consultancy firms are all present on the island.

Energy Minister Giorgos Lakkotrypis has said that the decision to set up the East Mediterranean Gas Forum, an international organisation, was of enormous importance for Cyprus and its citizens.

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.