Non-performing loans in the Cypriot banking system fell in June by €610.2m in a month to €22.4bn, the lowest since the introduction of the current methodology, the Central Bank of Cyprus said.

Energy regulators in Cyprus and Greece, have issued a joint decision for the cross-border cost allocation of the electricity interconnection EuroAsia Interconnector between Cyprus and Greece it was announced recently.

IFLR1000, the guide to the world’s leading financial and corporate law firms and lawyers, has today released its listing of leading lawyers. Elias Neocleous & Co LLC continues to lead the Cyprus legal services market, being the only firm awarded the prestigious Tier 1 ranking in Cyprus.

The leading dairy producer DODONI celebrates its first year of operation in Cyprus, already boasting strong presence in the Cyprus market with its modern cheese-making unit.

The construction area of projects that obtained a building permit in the first seven months of the year rose 42%, to 773,251 square meters, compared to the respective period of 2016 and their value rose 49%, to €857.6m, the statistical service said.

A prudent fiscal policy by the government as well as deleveraging by the banks have helped place the economy on a far better footing compared with its low point of 2013, Finance Minister Harris Georgiades said recently.

The fourth BEST LEGAL conference was held at the Four Seasons Hotel in Limassol on 25 September. The event, which is organized by the Cyprus business magazine SUCCESSFUL BUSINESS, has become the leading legal conference in Cyprus directed at attendees from overseas, and this year’s event attracted more than 200 prominent businesspeople, lawyers and other professionals from more than 20 countries.

Cobalt Air flights from Paphos to Moscow in October 2017 went on sale on Wednesday, the airline announced.

Limassol ranks as a top destination for visitors, and cruise lines see DP World Limassol as an attractive call on their itineraries, Charles Meaby, General Manager of DP World Limassol, said recently.

The House Price Index rose 3.1% in the second quarter of the year compared to the first one, to 102.74, the highest since Q1 2015, the statistical service said.