The harmonised consumer price index rose in June 0.9% compared to the respective month of 2016 on more expensive energy products and services, the statistical service said.

Cyprus’ trade deficit widened in January to May 2017 an annual 24% to well below €2.1bn, mainly on increased imports, the statistical service said.

The value of transactions using plastic money rose an annual 12% in June to €230.4m, JCC Payment Systems Ltd, a joint venture of Cypriot banks, said.

Tourism in Paphos during August will largely comprise southern European and Cypriot visitors, head of the Cyprus Hotel Association (Pasyxe) district office said recently with hotels 93-95% full.

2017 marks 80 years of successful business for EY in Cyprus. The origins of EY Cyprus date back to 1937, when the Russel & Company partnership was formed.

Non-performing loans in the Cypriot banking system dropped by €650m in March to €23.2bn, the most spectacular monthly drop since June last year, the Central Bank of Cyprus said.

The number of property transactions rose in June an annual 28% to 843, a new peak this year, driven by activity in Nicosia and Limassol, the Department of Lands and Surveys said.

The inflation rate decelerated for a second consecutive month in June to 0.7% from 1.1% in May and April’s 2%, the statistical service said.

A new modern terminal designed to accommodate the largest operating cruise vessels has opened its gates for the first time, operators DP World said.

The Cyprus Investment Promotion Organisation (Cipa), called on the House to pass without delay the bill for the creation of an undersecretariat for growth and economic development.