Five more high rise towers are set to be built in Limassol, already home to several skyscrapers along the city’s coast road.

The 10 millionth passenger to use a Cyprus airport in 2017 left Larnaca airport on Monday morning with a special celebration to mark the milestone.

The unemployed persons, registered at the District Labour Offices on the last day of November 2017, reached 33.780.

Non-performing loans in the Cypriot banking system fell in August to below €21.9bn, the lowest since December 2014, or 44.7% of total, from below €22.4bn the month before, the Central Bank said recently.

The share of government revenue from taxation and in the form of social contributions rose to 33.6% last year from 33.2% in 2015, the European Commission’s statistical office said.

Hellenic Bank, Cyprus’ third largest, said that it approved 220 applications for its voluntary retirement scheme which will help it reduce its annual payroll by €14m.

The supplementary state budget for 2017 was passed recently by the House, even as opposition parties accused the government of timing the vote for maximum impact ahead of next month’s presidential elections.

Seasonally adjusted GDP rose by 0.6% in both the euro area (EA19) and the EU28 during the third quarter of 2017, and by 0.9% in Cyprus compared with the previous quarter, according to an estimate published by Eurostat recently.

Total foreign investment in Cyprus increased by a record 9.1% in 2016 while the assets of Cyprus-based investment funds increased by 83%, the outgoing president of the Cyprus Investment Promotion Agency (CIPA), Christodoulos Angastiniotis told the organisation’s AGM recently.

As the situation shaped out in March 2013, the bail-in of depositors was the only remaining viable solution to save the banking system inCyprus, outgoing Eurogroup President Jeroen Dijsselbloem said recently.