A contest for the construction of the Ayia Napa Amphitheatre has been officially launched, mayor Yiannis Karousos announced recently.

Cyprus recorded a trade deficit of €2.4 billion in the first six months of 2019, compared to €1.8 billion in the same period of 2018, Eurostat said recently.

The ministry of energy, commerce and industry announced it is offering a total of €1.1m for scholarships for undergraduate and postgraduate programmes, including PhDs, for studies in hydrocarbon-related fields beginning in the 2019-2020 academic year.

Cyprus-based Woodbrook Group Holdings Ltd, one of the world’s fastest growing international firms of financial advisers, has signalled exciting expansion plans with the announcement of a significant new appointment.

The total assets of investment funds increased to approximately €5.5 billion in the second quarter of 2019, figures released recently by the Central Bank of Cyprus (CBC) showed.

The entry of digital technologies in the healthcare sector creates enormous financial potential for the biopharma industry. However, it also creates major challenges: A study titled “Driving the future of health” conducted by Strategy&, the strategic consulting firm of PwC, among 120 international senior executives of the biggest biopharma companies forecasts an increase of the global healthcare market volume by 10%, from US$ 10.6 trillion in 2018 to US$ 11.6 trillion by 2030.

Finance Minister Harris Georgiades said recently that the economy has continued to grow for the fifth consecutive year in 2019.

A US Congress delegation will visit Cyprus at the end of August 2019 to hold a series of meetings with officials dealing with financial matters, the press has learned.

Although 2019 is a difficult year for tourist there is no reason to panic deputy Minister for Tourism Savvas Perdios said recently, adding that positive developments may be expected with regard to covering losses from flights that no longer operate to and from Cyprus.

We cannot link efforts for the solution of the Cyprus problem with the issue of hydrocarbons in the Cyprus EEZ, Energy Minister Giorgos Lakkotrypis said in a recent interview with Greek media.