Following comments from The Troika on the extremely high levels of non-performing loans (NPLs) the Cyprus government is preparing proposals to improve the insolvency and foreclosure laws.

Tourist arrivals during the first three months of 2018 were up 29.3% over the same period last year, according to data from the Passengers Survey.

Bank of Cyprus and Deloitte programme to aid aspiring entrepreneurs Accelerator Aris, A Really Inspiring Space, has grown with the addition of another team.

The government recently announced the launch of a long-term industrial strategy policy, aiming to double industry’s share of gross domestic product by the year 2030.

Attracting investor interest for the Cyprus Cooperative Bank is a must and a move everyone should contribute to, in order to shield the Cypriot economy, Financial Ombudsman Pavlos Ioannou has said.

One of the primary goals of a new platform launched recently by the Cyprus investment and promotion agency (CIPA) is to bring Cypriot professionals back to their home country by connecting them with companies offering jobs on the island.

Hellenic Bank recently announced that it is taking part in the Co-op bank’s process to attract potential investors but has not yet decided on whether it would make a bid.

Revenue from tourism rose by 8.5% year-on-year in January 2018 despite a drop in expenditure per person and per day, data released by the statistical service showed.

Cyprus and Egypt will be ready in the near future to sign an agreement on a direct undersea natural gas pipeline from Cyprus’ exclusive economic zone to a liquefied natural gas plant in Egypt, Foreign Minister Nicos Christodoulides said.

Hourly labour costs in Cyprus for the whole of the country's economy (excluding agriculture and public administration), in enterprises with 10 or more employees increased by 1.1% in 2017, compared to 2016, according to an estimate issued by Eurostat recently.