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.

The Consumer Price Index for October 2016, increased by 0,08 units to 99,22 units compared to 99,14 units in September 2016.

The numberof registered unemployed fell 8.9% year-on-year in October 2016, to 33,706, the lowest figure since January 2012, the statistical service said.

The number of property transactions in Cyprus rose 37% in October 2016, compared to the respective month of 2015, as demand from foreign buyers remains strong, the Department of Lands and Surveys said.

The Cyprus government has assured that it will not relax its reform drive, as the IMF and the European Commission indicate that despite exiting a 3-year economic adjustment programme the Cypriot economy is still vulnerable.

A settlement of the Cyprus problem would entail tremendous investment opportunities in the long term but would be accompanied by short-term challenges, the European Commission and the IMF have said.

The tallest residential seafront tower in Europe and a restaurant on water, both on the Limassol coast, won major prizes at a recent prestigious awards ceremony in London.