The Lanitis seafront development, a new addition to Limassol’s skyline along the city’s coastal strip, has been given the go-ahead by the Limassol environment department and work on the three luxury tower blocks is expected to start soon.

Tourist arrivals in Cyprus in 2016 reached 3,18 million, marking a new all-time record after 2001, figures released recently by the Cyprus StatisticalService (Cystat) show.

As the date of its completion approaches, more details are emerging regarding the design, services and amenities that will be offered at the luxurious Ayia Napa marina.

The European Commission will allocate €3.1 billion in case of a solution of the Cyprus problem, Commission President Jean Claude Juncker told the Conference on Cyprus, in Geneva, reliable sources have told the Cyprus News Agency.

Cyprus will host the 26th Annual General Meeting of the Board of Governors of the European Bank for Reconstruction and Development (EBRD) and the Business Forum titled 'Targeting Green and Inclusive Growth: Meeting Regional and Global Challenges', from May 9-11, 2017.

The number of new company registrations rose 20% in 2016 to 13,616, the highest post-crisis figure, the Department of Company Registrar and Official Receiver said.

The countdown for the London listing of the Bank of Cyprus (BoC), expected to take place on January 19, 2017 has begun.

The household saving rate in the euro area was 12.6% in the third quarter of 2016, stable compared with the second quarter of 2016, according to Eurostat`s data released recently.

The Central Bank of Cyprus said that a weaker sterling caused by the UK’s exit from the European Union is likely to have a limited effect on the Cypriot banking system and, via tourism, the economy.

IHS Markit, one of the leading counsel houses in the world, estimates that Total’s block 11 in the Cyprus EEZ could compete with Egypt’s enormous Zohr deposit.