On the 18 November 2016, Cyprus and India signed a revised double tax agreement to replace the one which was signed between the two countries in 1994.

The Public Debt Management Office announced that during the recent 13 Week Treasury Bills Auction, tenders for a total amount of approximately €397 million were submitted, out of which, €100 million total nominal value have been accepted with a weighted average yield of 0.17%.

Cyprus had the third largest increase in total agricultural output among EU member states, with an increase of (+4.7%) in 2015 value compared to 2014.

The industrial sector in 2015 registered a positive growth rate in real terms after six years of recession, according to the annual report 'Industrial Statistics, 2015' published by the Statistical Service of Cyprus.

Expenses for housing, water, electricity, gas and other fuels took up 16.6% of Cypriot household budgets in 2015, significantly lower than the 25% European average.

Finance Minister Harris Georgiades has pledged that government efforts for economic recovery will continue with the same gravity and intensity.

The new passenger terminal at the Limassol Port is set to be unveiled at the start of the new year, putting an end to the current chaotic scenes for passengers arriving and departing Cyprus.

The 27.7% of all persons in Cyprus who were unemployed in the first quarter of 2016, found a job in the second quarter of the year, according to Eurostat.

Cyprus’ current account deficit shrank last year to €514m, which is the lowest since 2008, or 2.9% of economic output, down from a deficit of €760.6m or 4.3% last year, the Central Bank of Cyprus said.

Cystat recently released its statistics regarding the latest figures in Imports, Sales and Stocks of Petroleum Products in October 2016.