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.

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.