The value of transactions with plastic money dropped in November 2016 an annual 5% to €193.3m mainly on reduced property tax payments, paymentprocessing joint venture JCC Payments Systems Ltd said recently.

Cyprus' parliament has approved the state budget for 2017 with 28 votes in favour and 25 against.

During 2016, internet access in households continued to increase and reached 74.4% compared to 71.2% in 2015, according to a survey announced by the Statistical Service, on information and communication technologies (ICT) usage in households 2016.

President Nicos Anastasiades flies to Israel for an early morning meeting on Thursday, December 8, with Prime Minister Benjamin Netanyahu followed by the Cyprus-Greece-Israel Tripartite Summit focusing on energy and regional security.

Seasonally adjusted GDP rose by 0.7% and 2.8% in Cyprus on a quarterly and annual basis, during the third quarter of 2016.

Business woman and philanthropist Yelena Baturinam, described as Russia’s richest woman, has announced the launching of a new €40 million construction and development project in the coastal town of Limassol.

The Eurogroup has called on Cyprus to adopt “a significant number of additional measures” to achieve its medium-term budget objectives, but only if a deviation from fiscal goals is found to exist.

The unemployed persons, registered at the District Labour Offices on the last day of November 2016, reached 40,646 persons.

Property sales in Cyprus recorded a large increase of 46% in November 2016 compared with the same period last year, according to the latest official figures published by the Department of Lands and Surveys.

In October 2016 compared with September 2016, the seasonally adjusted volume of retail trade rose by 1.1% in the euro area (EA19) and by 1.2% in the EU28, according to Eurostat.