The Louis Group shareholders unanimously approved the framework of the restructuring plan relating to the borrowings of Louis Cruises with DVB Bank and other Banks.

The Public Debt Management Office (PDMO) at the Ministry of Finance has auctioned a record €47.9 mln 6-year retail bonds, with the January 2016 series setting the pace for the government’s financing needs in the new year.

Close to 100,000 tourists from Israel visited Cyprus in 2015, making it a record year, the Cyprus Hotel Association (PASYXE) said recently.

A year free from the obligations of the economic adjustment programme, 2016 will nevertheless bring several financial challenges, primarily in terms of Cyta’s privatisation and the last instalment of some €400 million from Cyprus’ international lenders.

Cyprus and Jordan announced recently the activation of technical committees to discuss the details of possible cooperation in the gas sector.

Cyprus saw a record number of tourist arrivals during the summer 0f 2015, deputy general director of the Cyprus Tourist Organisation, Annita Demetriades, said recently.

The government has forwarded to the troika its draft proposal regarding the legal unbundling of the Electricity Authority of Cyprus (EAC) and is expecting the lenders’ feedback in a few days, Energy Minister Giorgos Lakkotrypis said recently.

The Price Index of Construction Materials for the period January-November 2015 recorded a decrease of 2,58%.

Industrial turnover recorded an annual decrease of 3.4% between January and September 2015.

A Cyprus Chamber of Commerce official has said that the investment by Chinese nationals in properties has helped the construction sector of Cyprus spring back.