Cyprus foreign trade deficit was reduced by €353 mn during the period from January to November 2015, compared to the same period in 2014, according to provisional data released by the Statistical Service of the Republic of Cyprus (CyStat).

Cyprus has raised €75 mn in a government bond auction, according to a statement from the Public Debt Management Office.

Construction works for the new Ayia Napa marina are expected to start in the beginning of April 2016, Mayor Yiannis Karousos announced recently.

A newly released internationally acclaimed qualification for accounting and business skills is now offered in Cyprus by the European Institute of Management and Finance (EIMF) in collaboration with the Association of Accounting Technicians (AAT), a UK based organisation member of the International Federation of Accountants (IFAC).

As we enter 2016, potential gas exports from the East Med are again attracting attention, according to hydrocarbons business consultant Charles Ellinas.

Banks and large debtors have set the framework that will determine the extent that loans will not be fully served and the assets that companies will lose.

Eleven global giants have been shortlisted from among those who expressed an interest in the privatisation of Limassol Port, and will be submitting final tenders on January 21, 2016.

Eurogroup President Jeroen Dijsselbloem has said he is optimistic for Cyprus’ smooth exit from its three-year €10b bailout programme at the end of March 2016, even making a comment on the island’s possible reunification.

The Index of Production in Construction has recorded for the first time in the last seven years a positive rate of growth on an annual basis.

Unemployed persons in Cyprus reached 44,550 in December 2015, marking a reduction of 7.0% compared with December 2014, figures released by Cyprus Statistical Service (Cystat) show.