Passengers who were forced to buy extra tickets on their own after the collapse of Cobalt Air can apply for reimbursement, the Transport Ministry said recently.

The Cypriot economy is forecast to continue to grow at robust rates in 2018 and 2019, with real GDP expected to rise by 3.9% and 3.5% respectively, the University of Cyprus (UCy) said recently.

Radisson Blu Hotel and Q-Blu Plaza shopping centre has reshaped and added a new identity to the Larnaca port area, President Nicos Anastasiades said at the recent inauguration of the hotel.

Public debt in Cyprus increased from €19.855 billion in Q2 2017 and €18.531 billion in Q1 2018 to €20.932 billion in Q2 2018, according to data released recently by Eurostat.

DP World Limassol, which operates Limassol port’s New Passenger Terminal, has launched a new digital platform to promote Cyprus’ cruise tourism and enhance the engagement of cruise passengers and operators.

The government is preparing a bill exempting from payment of the full 19% VAT, purchases of undeveloped land for the purpose of building on it an owner-occupied primary dwelling.

Fitch Ratings has upgraded Cyprus’ sovereign rating to investment grade, ‘BBB-‘ from ‘BB+’, with a stable outlook as the island expects a 2.7% fiscal surplus this year and continuous growth that will boost receipts.

A new initiative launched by the ministry of energy, commerce, industry and tourism (MECIT) and the European Bank for Reconstruction and Development (EBRD) aims to facilitate access to advisory services by providing grants to 30 small and medium-sized businesses (SMEs) registered and operating in the Republic of Cyprus.

Kinisis Ventures, a Cyprus-based company that operates as a business accelerator for start-ups, this month held a seminar focused on building ties with the American market for Cypriot innovative ventures.

The increase of residential property prices remains moderate the Central Bank of Cyprus (CBC) has said as the residential property price index in the second quarter of 2018 marked eight consecutive quarters of growth.