This week is crucial for the future development of the Paphos Marina, as this is the week of the November 10, 2016 deadline for the submission of economic guarantees by the winning consortium.

Finance Minister Harris Georgiades said that Cyprus’ economy has displayed “resilience and adaptability”, following the 2013 banking crisis, which helped the economy recover at a faster than expected pace.

On the 14th of October 2016, the amendments to the Income Tax Law of Cyprus as to the new IP regime have been passed by the House of Representatives and subsequently, the amendments were published in the Official Gazette on the 27th of October 2016.

Industrial producer prices rose in Cyprus by 0.3% in September 2016, compared with August 2016, and have fallen by 2.1% compared with September 2015.

The Melco-Hard Rock consortium meets the criteria required to construct the casino complex in Cyprus.

It’s not very often that organizers succeed to invite 55 of the most prominent world-wide investors to attend an investment conference in Cyprus.

The number of company registrations rose 8.5% in October 2016 to 1,075 compared with the respective month of 2015, the Department of Company Registrar and Official Receiver said.

More than one million passengers travelled via the Republic’s two international airports in October 2016, setting a new record,it was announced recently.

The European Bank of Reconstruction and Development upgraded its forecast for Cyprus economic growth this year and 2017 upwards, to 2.7% and 2.2% respectively.

Ship management revenue declined by 3% to €438 million in the first half of 2016, reflecting a weak global demand and the downturn in freight markets, a Central Bank of Cyprus (CBC) report has said.