Bank of Cyprus, the island’s largest lender, has decided to change its fees and commissions for services for the first time since 2010 in an attempt to divert more business from traditional banking to online banking.

Etihad Airways, the national airline of the United Arab Emirates, is shutting down its Cyprus-Abu Dhabi route as of October 31, 2016, it said recently.

Cyprus’ tourist product can contribute up to 30% of GDP by 2030, creating an additional 70,000 jobs, according to agovernment-sponsored report by Spanish company THR-Innovative Advisors.

Cyprus' exports in January–June 2016 reached €800m, a decrease of 21%, compared to the same period last year, figures released by Eurostat show.

Inflation in Cyprus raised to -0.4% in July 2016 up from -2.0% in June, one of twelve Member States with negative rates, while a year earlier the rate was -2.4%.

The decision by British voters to leave the EU has led to delays in plans by Bank of Cyprus (BoC) to list on the London Stock Exchange (LSE), according to press reports.

The total assets of investment funds increased by approximately 8% to €2.928 million in June 2016, compared with €2.712 million in March 2016, the Cyprus Central Bank statistics show.

The total revenue of the General Government decreased by 8.6% in the second quarter of 2016, compared to the same period of 2015, the Statistical Service said recently.

The Cypriot naturalisation scheme put in place on June 1, 2013 has brought in €3b in investments in immovable property, deposits, shareholding and bond purchases.

On the basis of the results of the Passengers Survey conducted by the Cyprus Statistical Service, tourist arrivals reached 482,132 in July 2016 compared to 414,527 in July 2015, recording an increase of 16.3%.