The Council of Ministers recently approved the 2017 state budget, the first to be drafted following Cyprus’ exit from the three-year economic adjustment programme.

A three-way international contest for the concession of the first Cyprus Casino may have just become a solo race as two of the bidders may not be able to make a final bid, a Cypriot official said recently.

GO plc, Malta’s leading telecommunications services organisation, with over 500,000 customer connections, has won an International Investment Award from the Cyprus Investment Promotion Agency (CIPA).

The removal of Larnaca’s oil and gas installations and the development of the port and marina will turn the town into a tourist hub, Transport Minister Marios Demetriades said recently.

Transport Minister Marios Demetriades said that despite the financial crisis, shipping continued to be the steam engine of the world economy.

The number of job vacancies rose 4.1% in the second quarter of 2016 to 3,389 compared to the respective period of 2015 and 11% compared to January to March, the statistical service said.

Cyprus' taxpayers are set to pay a significantly reduced property tax in 2016 with discounts of up to 75% from last year’s levy.

The general government debt of Cyprus reached €19bn at the end of June 2016, according to the latest newsletter of the Public Debt Management Office (PDMO).

The government bought back four series of Republic of Cyprus bonds that mature in 2020 and 2021, paying €236,324,017.33, the Public Debt Management Office (PDMO) of the Ministry of Finance has announced.

US Special Envoy for International Energy Affairs (S/CIEA) Bureau of Energy Resources, Amos Hochstein, conveyed US support of Cyprus' right to develop its offshore natural resources.