ExxonMobil has requested authorisation to begin dismantling a big part of its facilities near the Larnaca port, following a plan agreed in 2000 between the government and municipal authorities.

As Cyprus heads out of the bailout programme the fall in property prices is bottoming out according to data from the Central Bank of Cyprus residential property prices index (RPPI).

The Transport Ministry announced recently that the evaluation process of the bids submitted for the commercialisation of Limassol port has been concluded, with more information to be announced shortly.

Three beaches in Cyprus are among Europe’s 25 best, according to 2016 TripAdvisor Travellers' Choice.

The Industrial Turnover Index for November 2015 reached 71,9 units (base 2010=100), recording an increase of 3.9% compared to November 2014.

RCB Bank has joined forces with the European Investment Bank (EIB) and the government to achieve viable growth for the local economy by supporting small and medium sized enterprises (SMEs) through €20m worth of competitive lending solutions.

The Cyprus Tourism Organisation took part in the St. Gallen tourist exhibition in Switzerland recently, featuring in the opening ceremony of the exhibition which was attended by representatives of tour operators and local authorities.

Finance Minister Harris Georgiades said last year’s growth rate suggests Cyprus, which will continue its reform effort even after it exits the direct supervision of its international creditors, is on the right track.

Energy Minister Yiorgos Lakkotrypis said following an increase in interest for hydrocarbon exploration in the island’s exclusive economic zone, ENI’s latest mammoth gas discovery off the coast of Egypt and a third oil and gas round, Cyprus needs a more stable environment in order to attract investment.

The European Investment Bank (EIB) will grant credit lines totaling €150 million, aiming at supporting small and medium-sized enterprises (SMEs) and medium capitalisation companies in Cyprus.