Paphos airport has welcomed the first flight of Germania Airlines which is offering flights from five cities in Germany, Hermes airports said in a joint statement from the Cyprus Tourism Association (CTO) and the Paphos Regional Board of Tourism.

Lending in Cyprus’s banking system fell in February 2015 by €106m compared to the month before and 1.2% compared to a year ago to €64.6bn as deposits fell slightly, the Central Bank of Cyprus said.

A stretch of beach at the eastern resort of Protaras has made the top 10 list of European beaches in TripAdvisor's survey.

The government has been sounding out the European Investment Bank (EIB) for the possible establishment of a development bank on the island, Finance Minister Harris Georgiades told MPs recently.

The first official presentation of the Cyprus-South Africa Business Association was held recently, at an event attended by members of the association and other personalities from the economic and business world.

Greek carrier Aegean Airlines will launch a new route from Larnaca to London Heathrow on Sunday, 29 March 2015.

The Limassol Port privatisation will be officially launched by the end of April with a call for expression of interest, Minister of Communications and Works Marios Demetriades said recently.

Emirates, contributes to the direct, indirect and induced employment of 560 Cypriots in Dubai and for its daily operations in Cyprus.

M.M. Makronisos Marina Ltd., developer and operator of the Ayia Napa marina project, has submitted a €25 mln deposit to the Cyprus government.

Tourism arrivals were up 7.7% in January and February this year compared to the same period last year, according to CTO chairman Angelos Loizou.