The value of retail purchases in Cyprus by Cypriots using plastic money rose in September an annual 11% to €197.1m, JCC Payments System Ltd said.

European Commissioner for Employment Marianne Thyssen presented recently, in Strasbourg, the main achievements of the Youth Guarantee and Youth Employment Initiative (YEI) since their launch in 2013.

Cyprus Energy Minister Yiorgos Lakkotrypis has confirmed reports that French energy firm Total will set up camp at Limassol port and link up with a Cypriot company to begin offshore drilling.

A significant increase of 20.7% was recorded in September 2016, in the registration of new companies in Cyprus, compared to September last year.

The Melco-Hard Rock Resorts Cyprus consortium submitted the only final bid in the second leg of the government’s tender invitation for an integrated resort casino, the Commerce Ministry announced recently.

Consumer prices fell 0.5% in September 2016 compared with the respective month of 2015, mainly on cheaper energy prices and air fares, after falling 0.4% in August, the statistical service said.

The island's real estate market has continued on an upward trend in September 2016 on both an annual and monthly basis, data released by the Department of Lands & Surveys show.

The International Monetary Fund (IMF), has significantly upgraded its projection for Cyprus’ economic growth in its World Economic Outlook (WEO) for October 2016.

Russian tourist arrivals in Cyprus saw a huge rise in 2016 according to tourism officials in Russia.

Non-performing loans in the Cypriot banking system dropped slightly in July 2016 as banks increasingly reduce their lending, allowing the ratio of bad loans to remain persistently high, an analysis of Central Bank of Cyprus data shows.