The Cyprus Commerce Ministry has extended until the end of October 2016 the deadline for formal expressions of interest for a Science and Technology Park at Pentakomo.

“The reforms undertaken by Cyprus during the program have started to bear fruit with robust economic growth and positive developments in the financial sector”, according to a report by the Troika.

Egyptian billionaire investor Naguib Sawiris said he plans to invest further in Cyprus following a marina project amid a positive outlook for the country’s economy that will be further boosted by future earnings from natural gas discoveries.

An expert study has concluded that it is possible for tourism to double its numbers to 6 million arrivals by 2030.

To achieve a quality programme for the hotel sector, you need a variety of non-complex patterns, techniques, procedures and high levels of communication between employees and senior management.

The only remaining bidder for Cyprus' casino resort has big plans for investment that should create thousands of jobs and revive the western part of Limassol, the press has discovered.

The Industrial Output Prices Index for August 2016 reached 98.5 units (base 2010=100), recording an increase of 0.2% comparedto July 2016, according to the Cyprus Statistical Service.

The trade deficit stood at €2.20 billion in the period January-June 2016, recording an increase of 43% compared with €1.54 billion in the corresponding period of 2015, according to the latest data released by the Statistical Service of Cyprus.

The value index of the retail trade in July 2016 increased by 1.7% compared to July 2015, provisional estimates of the Cyprus Statistical Service shows.

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