Cyprus’ Consumer Price Index for March 2016 increased by 0.65 units or 0.67% to 97.89 units compared to 97.24 in February 2016.

The new Cypriot airline, Orion Airways has wrapped up a leasing agreement with Jordan Aviation for the lease of the first addition to its fleet – a Boeing 737.

Elements Capital Partners, the Cyprus-based boutique investment firm has concluded the purchase of total debt worth over €75 million from Sava d.d., one of the largest financial holding companies in Slovenia, with a strong presence in the tourism industry.

Consumer prices fell for the 33rd straight month in March 2016, dropping by 2.5% compared with the same month of 2015, according to the latest consumer price index figures from the Statistical Service, Cystat.

The Cyprus embassy in Beijing recently announced the commencement of an agreement to open visa application centres (VAC) in China with the commercial company TLScontact.

The Central Bank of Cyprus said that it amended an anti-money laundering directive by clarifying and enhancing banks’ ‘Know Your Customer’ obligations, requiring them to know the identity of their customers, as well as their financial profile.

The European Commission is evaluating the fiscal impact of a possible reunited Cyprus, its Vice President Valdis Dombrovskis said, welcoming the end of the island's economic adjustment programme.

ON THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME:

Greek airline Ellinair will later in April 2016 begin its first flights out of Cyprus, opening up three weekly routes between Larnaca and Salonica.

Lobby groups and business associations from Cyprus and India are working to build trade relations between the two countries with an eye to a new double taxation agreement that is being negotiated.