There is a need for new incentives in order to increase the investment attractiveness of Cyprus, said RCB Bank CEO Kirill Zymarin.

The deadline for bids on the establishment of a casino in Cyprus is ending on December 18 2015, with last minute expressions of interest coming from Russian companies that are also interested in other large-scale projects in Cyprus, according to a recent statement by PWC CEO, Evgenios Evgeniou.

Interest rates on deposits and loans remained at high levels in October 2015, according to data released by the European Central Bank.

Almost 60% of enterprises in Cyprus use social media, according to figures released recently by the Statistical Service of the Republic.

There is no room for the creation of an asset-management company (AMC) that will be funded – entirely or in part – by taxpayer money to address the issue of non-performing loans in the banking system, the International Monetary Fund’s resident representative in Cyprus Vincenzo Guzzo says.

Proceeds from immovable property tax for 2015 have reached some €80 million, with 80% of homeowners having already paid their dues.

The Cyprus Stock Exchange (CSE) council announced recently the Members’ Market Shares for the period of January 1 to November 30 2015.

In an attempt to reduceits involvement in the Greek real estate market Bank of Cyprus (BoC) has gone ahead and sold three hotel units in Greece and received a total amount of €9.6 million in an open bidding procedure.

Central Bank of Cyprus (CBC) Governor Chrystalla Georghadji that based on the international experience, it will take three to five years with a growth rate of approximately 3% for non-performing loans (NPLs) to fall from 47% today to 10% of the total loan portfolio.

The Public Debt Management Office sold a total of €100m in 13-week treasury bills at a recent auction.