Construction activity in Cyprus rose an annual 11% in the second quarter of the year, in which producer prices dropped 3.9%, the statistical service said.

According to the Cyprus Statistical Service, the Harmonized Price Index for September 2016 decreased by 0.4% when compared to September 2015.

This remarkable success of Limassol Del Mar, which was attained three years prior to the completion of the project’s phase 1, is ascribed for its unique architecture, location, quality finishes and facilities, and keen pre-construction prices; attributes that are ideal to any potential owner.

Cyprus’ trade deficit widened 29% from January to August to €2.8bn compared with the respective period of 2015, mainly on increased imports, the statistical service said.

The international investment position of Cyprus recorded a small improvement in 2016 Q2, according to recent data from the island's Central Bank.

Natural gas found within Cyprus’ Exclusive Economic Zone and efforts to exploit it in cooperation with neighbouring countries allow for even higher expectations for the island’s already flourishing shipping sector.

The Public Debt Management Office of the Ministry of Finance announced recently that it issued 6 year Treasury Bills for natural persons, of a total value of €5 million, but accepted 8 tenders of a total value of €364,000.

An independent expert evaluation of 2007-2013 funding found that Cohesion Policy investments had positive, tangible results ranging from job creation, a positive impact on regional disparities and an increase in GDP across Europe.

The number of foreign property buyers in Cyprus increased in the first three quarters of the year to 63% compared to the respective period of 2015 outstripping the national average, the department of lands and surveys said.

The UK market remains the main source of wedding tourism accounting for 50% of the 4,000 ceremonies that take place annually in Cyprus, the Cyprus Tourism Organisation (CTO) saidrecently.