Casino investor NagaCorp Ltd said in a filing to the Hong Kong stock exchange recently that it would not be proceeding to the final bidding stage for the single casino licence in Cyprus.

Paphos with 40% followed by Limassol with 23% are the two most popular destinations for Cypriots wanting to unwind.

The promotion of energy interconnections of Eastern Mediterranean countries and the EU is at the centre of discussions at a trilateral meeting in Athens between the energy ministers of Cyprus, Greece and Israel.

This year will be written in gold in the annals of Cypriot tourism, as one record follows another, acting director of the Cyprus Tourism Organisation (CTO) Annita Demetriades said recently.

Shipping was the main mode of goods transportation in a majority of EU member states in 2015, according to Eurostat.

Investment-grade rating for Cyprus’ sovereign debt is still some way off but has been “notching up nicely” over the past year, and Bank of Cyprus is following it up, CEO John Hourican said.

Hellenic Bank foresees a positive macroeconomic outlook this year, a reduction in unemployment, and further improvement of key domestic indicators.

The Cyprus Central Bank announced the start of the first evaluation regarding the state of the country’s banks by the Troika following Cyprus’ exit from the bailout.

“Tourism is the steam-engine driving the Cyprus economy,” expressed Harris Loizides, president of the Cyprus HotelAssociation (CHA).

The government is planning to gradually reduce the levels of government spending and revenue as a percentage of gross domestic product over the next three-year period to levels last seen before the adoption of the euro from around 40% of the economy last year.