The Finance Ministry said that it is confident that the Cypriot economy will grow at a rate higher than forecast by international creditors following the seventh programme review.

The government could cut taxes in 2016 if the economy continues to strengthen, Finance Minister Harris Georgiades said recently.

Forced conversion of Swiss franc mortgages would create a moral hazard and make restructuring of non performing loans (NPLs) more challenging, Moody’s ratings agency said recently.

Cyprus will as of January 1, 2016 have a new tool in its arsenal to identify monies hidden abroad as the island will begin implementing the Common Reporting Standard (CRS), the Institute of Certified Public Accountants said recently.

Cyprus is looking to export natural gas to Egypt via the massive Zohr field, according to Energy Minister George Lakkotrypis.

The Chinese are showing huge interest in Cyprus property according to online searches on Juwai.com, the property portal found in a study, revealing the sunny island was the most popular across the Mediterranean.

Online gaming giant Wargaming.net, one of Hellenic Bank’s three major shareholders, has trimmed its stake in the lender from 26.2% to 24.8%, according to a stock exchange filing.

Arrivals in September 2015 were the highest in the history of the island’s tourism industry the Cyprus Tourism Organisation (CTO) said recently, with visitor numbers hitting 360,899, a 14% hike on the same month last year.

Cyprus has already applied for regional membership to the fledgling Asian Infrastructure and Investment Bank, according to President Anastasiades.

The real estate market in Cyprus is on the recovery, following in the footsteps of the country’s overall economic activity.