Cyprus external trade deficit for the period of January–October 2015 declined by 11,38% mainly due to soaring exports, according to preliminary data published by the Statistical Service.

Demand for loans is inching up according to the quarterly bank lending survey conducted by the Central Bank of Cyprus.

TUI Group, the world’s largest tour operator, said it was confident of increasing earnings by more than 10% this year, as holidays to the Canary Islands and Cyprus replace security-threatened destinations in Egypt and Tunisia.

Aradippou Town Hall recently voted narrowly in favour of the operation of a gold processing plant in the Larnaca village.

Businesses and consumers in Cyprus look set to benefit from two new cross-border e-commerce Directives proposed by the European Commission.

A third Trilateral Summit between Greece, Egypt and Cyprus in Athens has effectively solidified the foundations of the cooperation between the neighbouring countries in the years to come.

Moody’s Investors Service announced recently that it has changed its outlook for the Cypriot banking system to stable from negative, reflecting the country’s modest economic recovery.

The Cyprus Statistical Service has confirmed that GDP grew in real terms by a seasonally adjusted 2.2% compared with the same period of the previous year in Q3 —its strongest pace of growth since 2010.

Director of the Department of Merchant Shipping Mr. Andreas Chrysostomos has been bestowed with the 'International Personality of the Year' 2015 Award within the Greek shipping industry.

President Nicos Anastasiades recently underlined the importance of the coming year for the best exploitation of Cyprus’ natural gas reserves.