Established in Cyprus in 2005 the GRS Group (GRS Cyprus, GRS Malta, GRS Oil & Gas and Fairfax Yeaman), recently reached an important milestone as they celebrated their 12 year anniversary of operating.

Kanika Hotels chain has scored high on Tripadvisor for 2017, reaching the top 1% of all hotels listed on the popular travel rating platform.

Households have begun saving up once more after the financial crisis experienced in the previous years.

According to the results of the Passengers Survey, arrivals of tourists to Cyprus reached 62,611 in January 2017 compared to 48,607 in January 2016, recording an increase of 28.8%.

The Cyprus Security and Exchange Commission (Cysec) aims to further boost the Cypriot capital market and the supervision of the sector, chairwoman Demetra Kalogirou said recently.

Cyprus supports involvement of Russian companies in its energy market, the Cypriot ambassador to Russia has said.

According to data released by the Statistical Service of Cyprus last Friday, Cyprus has recorded a surplus of 9.1 million euros in the year 2016.

Cyprus is experiencing a solid economic recovery and growth is expected to remain robust, although it looks set to slow slightly, said the European Commission.

Cyprus’ economy expanded an annual 3% in Q4 2016 after growing 2.9% in the third quarter, the statistical service said citing a preliminary flash estimation.

Power production from renewable energy sources rose 3.4% last year to 357,284.5 megawatt hours (MWh) compared to 2015 mainly on increased output generated by private photovoltaic systems, the energy regulator said.