The industrial turnover index rose an annual 7.2% in November 2016 as the increased sales at home more than offset a drop in exports, the statistical service said.

The government’s cash reserves deposited at the Central Bank of Cyprus rose in January 2017 to almost €1.2bn by €467.4m compared to December 2016, the Central Bank said.

Cyprus has the highest dependency, and the biggest share of reliance on fossil fuels for energy within the EU, according to a Eurostat report released recently.

Cobalt’s first direct flight from Larnaca to Madrid is set for April 4, the low-budget Cypriot carrier announced recently.

New companies registered with the Department of the Registrar of Companies and Official Receiver this January were up by 14.7% compared to the same month of 2016, making January the 17th month in a row with an upward trend.

Three months after winning the licence for the first casino resort, investors are still looking for locations to host their satellite casinos in other cities, as well as somewhere for the intermediate casino in Limassol.

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%.