Tourism brought in a revenue of €428.2m in August 2018, recording an increase of 1.1% compared to August 2017, which generated €423.6m, the statistical service said recently.

The government, in collaboration with the commercial and industrial partners, is working towards the creation of a new model of growth and renewal of the economy, Minister of Energy, Commerce, Industry and Tourism Yiogos Lakkotrypis has said.

The Finance Ministry announced recently the creation of a webpage where the public can compare bank charges relating to current accounts and other services, in line with a 2014 EU directive.

Bank of Cyprus (BoC) confirmed in recent reports that it would stop issuing American Express cards, due to a change in the policy of the US-based company.

The vessel leased by ExxonMobil to drill for gas off the coast of Cyprus was on November 1st 2018 en route to the island.

President Anastasiades expressed his government’s strong commitment to reinforcing the Cypriot maritime cluster and supporting the shipowners with vessels under the Cyprus flag.

The US Department of State, the US embassy in Cyprus, and the American centre at the University of Nicosia are welcoming applications from all over Cyprus for a prestigious two-day TechCamp titled ‘Digital Citizenship in the Disinformation Age’ that will take place from December 7 to 9, 2018 at UNic’s premises in Nicosia.

Cyprus has once again recorded the largest annual decrease in unemployment rates in the EU, from 10.2% in September 2017 to 7.4% in September 2018.

Cyprus recorded a General Government surplus of € 769.7m or 3.7% of GDP, in the period January-September 2018, according to data released by the Statistical Service of Cyprus.

The stock market (CSE) said it has suspended trading of Hellenic Bank shares at the lender’s request, as it expects its profit after tax for the first nine months of 2018 to be higher than expected due to the inclusion of assets and liabilities acquired from the cooperative bank.