Earnings in Cyprus have risen for the first time in four years according to preliminary estimates from the Statistical Service, Cystat.

Energy Minister Yiorgos Lakkotrypis has said that there is increased interest from Italy for an EastMed pipeline, making it more likely that the ambitious infrastructure project moves ahead.

Construction at the Ayia Napa Marina is moving ahead smoothly according to a press release by the Caramondani company heading the development.

After energy giant Total, it looks like ENI will likewise operate out of the port of Limassol for their scheduled drilling operations, slated to get underway later in 2017.

Finance Minister Harris Georgiades stressed the government’s intention to continue implementing all necessary policies to fully alleviate the consequences of the financial crisis and achieve more economic growth.

Cyprus' current account deficit spiked at €941.8 million in 2016 marking an increase of 82% compared with a deficit of €514,0 million in 2015, data released by the Central Bank shows.

AstroBank – formerly Piraeus Bank Cyprus – unveiled its new name and brand identity recently at a special event attended by Finance Minister Harris Georgiades.

The European Bank of Reconstruction and Development (EBRD) stands ready to take part in the privatisation of the Cyprus Telecommunications Authority (Cyta), an EBRD official has said.

Cyprus and Japan signed a Memorandum of Cooperation in higher education, a recent press release said.

Economic sentiment in Cyprus rose by 0.6 points in March to 114.8, compared with February, mainly on improved business confidence in industry and a marginal improvement in consumer confidence, the University of Cyprus said.