Some 50,000 Ukrainians visited Cyprus in 2015 and this marks a 22% increase of arrivals from Ukraine to the holiday island since last year, President Anastasiades said in Kiev recently.

Cyprus and Ukraine recently signed in Kiev the Protocol amending the Convention for the Avoidance of Double Taxation and the prevention of fiscal evasion with respect on income taxes, it was officially announced in Nicosia.

Cyprus will sign agreements with Kiev on 11 December 2015, as President Nicos Anastasiades visits Ukraine to make deals on bilateral issues such as double taxation, higher education, energy, and other areas of cooperation.

Cyprus external trade deficit for the period of January–October 2015 declined by 11,38% mainly due to soaring exports, according to preliminary data published by the Statistical Service.

Demand for loans is inching up according to the quarterly bank lending survey conducted by the Central Bank of Cyprus.

TUI Group, the world’s largest tour operator, said it was confident of increasing earnings by more than 10% this year, as holidays to the Canary Islands and Cyprus replace security-threatened destinations in Egypt and Tunisia.

Aradippou Town Hall recently voted narrowly in favour of the operation of a gold processing plant in the Larnaca village.

Businesses and consumers in Cyprus look set to benefit from two new cross-border e-commerce Directives proposed by the European Commission.

A third Trilateral Summit between Greece, Egypt and Cyprus in Athens has effectively solidified the foundations of the cooperation between the neighbouring countries in the years to come.

Moody’s Investors Service announced recently that it has changed its outlook for the Cypriot banking system to stable from negative, reflecting the country’s modest economic recovery.