Banks in Cyprus own almost 50% of the housing on the island through the mortgages associated with the purchase of the main residence.

Although Cyprus remains an untested market on loan sales, this will soon change as new players who mean business are entering the market.

Like those in all Cypriot resorts, hotels in Paphos say they are experiencing the busiest tourist season ever, and for the first six months of the year, visitor numbers have broken all previous records.

Cyprus' budget expenditure implementation reached 43% in the first half of 2017, figures released by the state Treasury show.

Cyprus` trade deficit deteriorated as imports increased, while exports recorded a drop during the first four months of the year, data released by the Cyprus Statistical Service published recently shows.

A further €30 million will be paid out to farmers within the framework of the Programme of Agricultural Development 2014-2020, the Cyprus Agricultural Payments Organisation (KOAP) has announced.

The Cyprus-based TUS Airways: 'The Ultimate Schedule' continues to grow, expanding its fleet with the addition of two Fokker 100 Jets.

Cyprus has achieved to a very large extent the implementation of a large number of Sustainable Development Goals of the UN Agenda 2030, it was announced recently.

European Union Competition Commissioner Margethe Vestager recently welcomed steps taken by the Cypriot authorities to make the legislative framework on the tax treatment of financing companies more stringent.

At the recent annual general meeting of STEP Cyprus, the local branch of the Society of Trust and Estate Practitioners, Philippos Aristotelous, partner in the firm’s private client and tax departments, was elected as a member on the board of directors of STEP Cyprus.