Finance Minister Harris Georgiades pointed out the key role that research, innovation and technology could play in a new economic model in Cyprus.

House prices dropped in Cyprus by -0.6% during the last quarter of 2015 compared to the same quarter of 2014 and by -4.7% compared to the previous quarter, as measured by the House Price Index, published today by the European Union's Statistical service, Eurostat.

Bank of Cyprus said it is considering the incorporation of a new holding company in the UK, to make its share eligible for inclusion in the FTSE UK index of the London Stock Exchange.

The use of plastic money by Cypriots rose 9% in March to €196.7m and 4% to €575m in the first quarter of the year compared to the respective periods of 2015, JCC Payment Systems Ltd said.

A delegation of members of the European Parliament’s Special Committee on Corporate Taxation II – or TAXE 2 – will visit Cyprus to look into the Cypriot corporate tax practice.

The 19th travel and tourism fair Taxidi 2016 will take place between April 15 and 17 2016 at the Filoxenia Conference Centre in Nicosia, it was announced recently.

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.