The Turnover Value Index of Wholesale and Retail Trade and Repair of Motor Vehicles for the period July-September 2016 increased by 13.6% to 76.6 units (base 2010=100), compared to 67.4 units during the same period of 2015.

Cyprus is no longer a notified jurisdictional area for lack of exchange of information in the eyes of Indian law, according to a press release issued by the Indian government recently.

Cyprus and Jordan recently signed an Agreement on the Abolition of Visa Requirements for Holders of Diplomatic and Service Passports, and a programme for cooperation in the fields of education and culture for the years 2017-2020.

Hellenic Bank appointed Ioannis Matsis as Group Chief Executive Officer of the Group, replacing Bert Pijls who is stepping down due to personal and family reasons.

The National Bank of Greece is in talks with a group of investors who have filed an offer to acquire the Greek bank’s Cypriot subsidiary, sources said.

Airport operator Hermes is now one of less than 200 airports worldwide which have acquired an Airport Carbon Accreditation (ACA) certificate accredited by the Airport Council International (ACI), and joining the global battle for the reduction of carbon dioxide emissions.

Moody’s Investors Service, recently upgraded Bank of Cyprus Public Company Ltd's long-term local and foreign currency deposit ratings to Caa2 from Caa3 and Hellenic Bank Public Company Ltd’s to Caa1 from Caa2.

Bank of Cyprus is about to repay its outstanding emergency liquidity assistance (ELA), which it mostly inherited from Cyprus Popular Bank in March 2013.

The number of job vacancies increased in Q3 2016 by 2.626 (111.1%) and reached 4.989, compared to the same quarter of the previous year when it was 2.363, the Statistical Service said recently.

The government is preparing a new tax framework which will further strengthen investment funds sectors in Cyprus, to render the island one of the most attractive investment jurisdictions in the EU.