Moody’s Credit Outlook which was issued on Thursday, 2 February 2017, highlighted the fact that the increase in deposits in the Cypriot banks has as a result the overall improvement of the banks’ funding structure.

The Ministers of Energy of Cyprus, Greece, Italy and Israel will have a meeting in the beginning of April 2017 to discuss the potential of transporting natural gas from the Eastern Mediterranean to Europe via Greece and Italy.

Feverish preparations are taking place in the Famagusta District for the next tourist season beginning in April 2017, with many hotel businesses making large-scale renovations.

Naguib Sawiris, the Egyptian billionaire businessman behind the Ayia Napa marina development has begun the active promotion of the project, seeking buyers for the real estate in the marina.

The new Chief Financial Officer (CFO) for Hermes Airports is Giorgos Paschalis since January 2017.

This year, Cyprus will host the annual meeting of the European Bank for Reconstruction and Development (EBRD).

Cyprus is the cheapest destination for UK families booking a half-term sunshine trip, a recent study has found.

The number of property transactions rose 29% in January to 423 compared to the respective month of 2016, the Department of Lands and Surveys said.

Building permits rose in January to November 2016 an annual 17% in terms of construction area and 12% in terms of value to 933,771 square meters and €1bn respectively, the statistical service said.

The Israeli market is being actively targeted as part of an ongoing tourism plan to encourage travellers between Paphos and Tel Aviv in 2017.