A team of troika technocrats are due in Cyprus from September 6 to 30, 2016, to look at outstanding matters from the island’s adjustment programme, particularly with regard to reform.

A consortium comprising the Cyprus University of Technology (CUT), Chrysalis LEAP and the Cyprus Energy Agency (CEA) has been successful in its application to participate in the Regional Innovation Scheme (RIS) of Climate-KIC, the main European Initiative for Climate Change and Sustainable Development.

Managing the economy is a matter of national responsibility said the Minister of Finance, Harris Georgiades recently.

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.