Philippines-based casino operator Bloomberry Resorts Corporation has pulled out of the bidding for a casino licence in Cyprus, it confirmed recently.

Wargaming Group Ltd. is promoting Cyprus as an ideal destination for a good quality of life, a professional career and recreation, through a promotional video it created on its own initiative.

The government finds itself in an advanced stage of negotiations between a Cypriot and Chinese consortium, which plan to use the old Larnaca airport as a wholesale commercial park and to re-export various products to the Middle East and EU member states.

The job vacancy rate in Cyprus stood at 1.0% and by 1.7% in the euroarea in the second quarter of 2016, stable compared with the previous quarter, but up from 1.5% in the second quarter of 2015, according to figures published by Eurostat.

The number of tourist arrivals rose 17% in August 2016 to 458,645 compared to the respective month of 2015, which was an all-time high for an August, the statistical service said.

Standard & Poor’s upgraded its assessment of Cyprus by one notch to BB recently, with the rating agency saying the outlook was ‘positive’.

Finance Minister Harris Georgiades expects that Cyprus will annually receive up to €600m in gas revenues inside of 12 years once exploitation of the Aphrodite field begins.

A Cyprus-Jordan preliminary gas agreement is being mulled by experts negotiating the best way to execute it, said newly-appointed ambassador Mohamad Elfayez.

An international study claims that Cyprus needs to become a prime destination so that it could haul in over six million tourists every year and swell its annual income from foreign visitors to a whopping €7b.

Liquefied Natural Gas (LNG) is the fuel of the future for ships, Transport Minister Marios Demetriades said recently.