Government spokesman Prodromos Prodromou said he expects the economy will expand in 2018 by around 4% before returning to full employment conditions in “two or three years”.

Travel agents from the Baltic states of Lithuania, Latvia and Estonia have expressed great interest in Paphos, the town’s tourism board said recently.

B2Kapital Cyprus Ltd, which entered an agreement with Hellenic Bank to acquire €145m of loans more than four months ago, said that it received green light from the supervisor.

A groundbreaking ceremony for Cyprus’ new casino-resort will be held on June 8, 2018, according to the Melco Resorts and Entertainment CEO Lawrence Ho.

The number of company registrations rose in April 2018 by 16% to 1,168 compared to April 2017, the Department of Company Registrar and Official Receiver said.

Non-performing loans in the Cypriot banking system rose by more than €1.5bn in January 2018 compared to the month before to €22.1bn, the highest since July last year, as a result of the introductions of new reporting standards, the Central Bank of Cyprus said.

Cyprus’ second largest lender, the state-owned Cooperative Central Bank (CCB), said recently that it had received proposals for the acquisition of its operations from two prospective buyers.

The European Space Agency's space start-ups competition ’Act in Space’ is coming to Cyprus over the weekend of May 26-27.

Greece’s Eurobank and its subsidiary Eurobank Cyprus aspire to help their corporate customers in exploiting export opportunities by participating in the Trade Club Alliance, a strategic partnership with Spain’s Banco Santander, the Greek lender said.

The use of plastic money in Cyprus rose in April 2018 by 12% to €225m compared to the respective month of 2017, JCC Payment Systems, a joint-venture of Cypriot banks said.