Italian naval frigate the Espero arrived in Larnaca port as part of maritime operations on January 4, 2017 and will remain docked there until January 8.

The output of the construction sector rose 13% in the third quarter of 2017 compared with the respective period of the year before as producer prices continue to rise, the statistical service said.

The number of registered unemployed dropped an annual 15% in December 2017, by 6,081 to 35,771, the lowest December rate since 2011, the statistical service said

Cyprus said recently that Saudi Arabian oil company Saudi Aramco has expressed a business interest in its exclusive economic zone (EEZ).

The state-owned Cyprus Cooperative Bank has said that its delinquent loan portfolio dropped last year by €806m to €6.4bn at the end of 2017 compared to a year before, a decrease of 16%.

Cyprus’ first offshore patrol vessel (OPV) which was built in Israel has arrived at Larnaca port, it emerged recently.

Hellenic Bank, Cyprus’ third largest lender, said that it agreed to sell Norway’s B2Holdings ASA €145m of loans as part of its strategy to reduce its delinquent loan portfolio.

The trade deficit increased by €162.1 mn as a result of a significant increase in imports in the first nine months of the year, compared to the same period last year.

Economy and energy developments with a brief mention of the Cyprus issue, were the main focus of President Nicos Anastasiades’ televised New Year address during which he said 2017 had been a productive year for the country.

A recent announcement, which appeared in the media, shows that Petrogress, Inc. (OTC: PGAS) is doubling down in Cyprus, entering into a Memorandum of Understanding (MOU) with EDT Agency Services, Ltd. at the Limassol Port.