Cyprus, Greece and Israel recently confirmed they would be preparing and signing an inter-state agreement for the EastMed gas pipeline within 2018.

The Central Bank of Cyprus is likely to issue new and stricter guidelines to supervised lenders governing anti-money laundering requirements as early as next week, a source familiar with the matter said.

The number of registered unemployed fell in April 2018 by 5,713, to 24,903, in a month, which is the lowest since October 2010, the statistical service said.

The amount of funds deposited in the Cypriot banking system dropped in March 2018 by €642.9 million to €48 billion, the lowest amount since September 2016 on extensive withdrawals by all categories of depositor coinciding with fears about the solvency of the Cyprus Cooperative Bank, the Central Bank of Cyprus said.

On December 12th, 2017, IAGTO (International Association of Golf Tour Operators), named Aphrodite Hills Resort, the 5-Star fully integrated Resort in Cyprus, as the 2018 European Golf Resort of the Year in the prestigious annual IAGTO Awards.

The University of Cyprus said it expects the economy to expand 3.8% in 2018, against a 3.6% forecast in January, with growth moderating to 3.5% next year.

Consumer prices fell on average 0.1% in April 2018 compared to the respective month of 2017, as cheaper products more than offset the impact of more expensive fuel and services, the statistical service said.

Limassol port serves as a model for what Cyprus can achieve as it is one of the largest projects of the island, President Nicos Anastasiades said recently during the inauguration ceremony of the new passenger terminal.

The European Commission said recently it was expecting the Cypriot economy to grow 3.6% this year and 3.3% in 2019, slightly below the Finance Ministry’s forecasts also published recently.

The number of property transactions rose in April 2018 an annual 29% to 655 mainly on a strong performance of the real estate market in Nicosia, the Department of Lands and Surveys said.