The International Monetary Fund said that it expects Cyprus’ economy to grow 0.5% this year and 1.4% in 2016, after shrinking 2.3% last year.

The IMF says Cyprus is expected to generate a fiscal deficit of 1.3% of economic output in 2015, after posting a 0.2% deficit in 2014 and before generating a fiscal surplus of 0.1% next year.

The opportunities and incentives that Cyprus offers potential investors were presented by a delegation of Cypriot officials, headed by Energy Minister Giorgos Lakkotrypis during a ‘Cyprus-UK Business Forum’ recently.

The long recession in Cyprus appears to have narrowed the gap between male and female pay.

Cyprus posted its 27th month of deflation in September 2015, as prices fell by 2.5% over the year earlier according to the national consumer price index.

Cyprus is preparing for another bond issue before the end of 2015, government spokesperson Nikos Christodoulides confirmed recently.

In a recent survey, global immigration experts ranked Cyprus in the world’s top ten among citizenship by investment programmes for high-net worth individuals.

“Cyprus has stood on its own feet again and has regained its international credibility,” said Finance Minister Harris Georgiades recently.

The Cypriot economy will face important challenges even after the country’s exit from the bailout programme, Mark Lewis, the outgoing International Monetary Fund (IMF) mission chief for Cyprus, said recently.

Air travellers in Cyprus can soon expect a wider choice of operators according to the Transport Minister Marios Demetriades.