The 2018 budget for the Cyprus Hydrocarbons Company (CHC) of €6m was approved recently by the cabinet, the deputy government spokesperson Clelia Vassiliou announced.

The number of company registrations rose in May 11% to 1,271 compared to the respective month of 2017, the Department of Registrar of Companies and Official Receiver said.

Non-performing loans in the Cypriot banking system fell in February 2019 by €122m to €22bn or 45.3% in a month and by €1.9bn in a year, the Central Bank of Cyprus said.

A deal between the Co-operative Bank of Cyprus and Hellenic Bank will be sealed soon, but it appears that taxpayers will be required to pick up part of the tab.

Cyprus participated in the biennial International Shipping Exhibition 'Posidonia' in Athens,one of the biggest of its kind in the world, with its own pavilion.

Rental prices have climbed steeply, especially in the heart of Limassol and Nicosia because of heightened interest by investors and retailers seeking new venues.

Foreign Minister Nicos Christodoulides has welcomed ExxonMobil’s intention to accelerate procedures ahead of scheduled offshore drillings in the island's exclusive economic zone.

Italy is currently Cyprus’ third largest trade partner with energy being the sector with the most significant potential, Foreign Minister Nikos Christodoulides has said

The groundbreaking ceremony for the new casino resort took place recently in Limassol attended by President Nicos Anastasiades who described it an “historic day” and a “major milestone” for Cyprus.

A delegation from US energy giant ExxonMobil led by the company’s vice-president for Europe, Russia, Asia, the Pacific and the Middle East, Tristan Asprey was in Cyprus for talks with the government recently.