The Cypriot economy will grow by 1.6% in 2016, according to IMF's latest World Economic Outlook (WEO).

The contracts with the company providing services to French energy giant Total, scheduled to drill for gas later this year, will be signed in July 2016, Transport Minister Marios Demetriades said recently.

A new upstart airline is aiming to revolutionise the local travel market by launching low-cost flights between Cyprus and far-flung destinations, including China.

Finance Minister Harris Georgiades will meet IMF Managing Director Christine Lagarde and US Deputy Treasury Secretary on the sidelines of the Spring IMF-World Bank meetings taking on April 15-17 2016 in Washington DC.

Cyprus, Greece and Jordan recently held their first trilateral meeting at the level of permanent secretaries of foreign ministries in Nicosia.

Ahead of direct flights connecting Ukraine and Paphos, which get underway later this month, local tourism representatives will promote Paphos at an event in Kiev.

Cyprus has been a success story, the president of the European Investment Bank Werner Hoyer said recently, despite the difficulties still faced by the economy.

The number of new company registration applications saw a 23% increase in March 2016 compared to the same month in 2015, continuing its upswing for the seventh consecutive month, remaining at pre-bailout levels.

Hotel managers in Cyprus said they were satisfied with increasing tourist arrivals and bookings for 2016.

President Anastasiades has pledged that the government of Cyprus will continue to implement economic policies to avoid the errors of the past that led to the economic crisis.