Finance Minister Harris Georgiades said that the economy of a reunified Cyprus requires the introduction of strict rules governing both public finances and the banking sector which will strengthen financial and political stability.

The Cyprus Stock Exchange (CSE) experienced slight gains at close of trading on March 16, 2016 after the down-turn just one day earlier.

Cyprus must not become complacent in its ongoing efforts to consolidate its recovering economy, the island’s Finance Minister Harris Georgiades said recently.

Home prices remained unchanged in the fourth quarter of 2015 compared to the previous quarter for the first time since 2010 as a quarterly increase in house prices offset a decline in flat prices, the Central Bank of Cyprus said.

Tourism arrivals rose 23.9% in the first two months of 2016, the statistical service Cystat said recently.

Recently the Supreme Court of the United Kingdom in the case of JSC BTA Bank v Ablyazov [2015] UKSC 64made a landmark decision on the construction of freezing orders.

The Cyprus property market has seen an increase in values lately according to the Royal Institute of Chartered Surveyors (RICS).

Giant Russian tour operator OTI is planning to bring more than 35,000 tourists to Cyprus in 2016 via its subsidiaries Coral Travel and Sunmar Tours, it announced recently.

Melco International Development Limited and Hard Rock International, owner of the internationally recognized Hard Rock Hotels, Casinos and Cafe brands said recently they welcomed the decision by the Cyprus government to short list them for the island’s casino resort project.

Noble Energy CEO David Stover said recently that the company’s main next steps would be its marketing effort to identify potential customers for the gas from the Aphrodite field.