Cyprus and Israel are ramping up their exploration of East Med natural gas reserves with the licensing of more blocks for international companies to exploit offshore energy wealth.

Standard & Poor’s affirmed its 'B+/B' long- and short-term issuer credit ratings on Bank of Cyprus noting that the outlook is stable but there are obstacles ahead.

Ayia Napa has officially inaugurated its first casino in the popular holiday resort, which is seen as an additional tourist leisure attraction.

New loans issued in H1 2019 were up 11.5% compared to the same period last year, while the thorny issue of non-performing loans is dissipating as toxic mortgages dropped about 30% of all loans, significantly down from the 50%-plus during the financial crisis in 2012.

Central Bank of Cyprus (CBC) governor Constandinos Herodotou recently met with the chief officers of banks licensed in Cyprus, mainly discussing lenders’ approach to borrowers with non-performing loans.

Received certification from the Minister of Labour, Zeta Emilianidou

After just over one year in operation Cyprus Casinos celebrated another important milestone by welcoming its one-millionth visitor in July 2019.

Household debt dropped slightly to €20.4b in March 2019 from €20.5b in December 2018, accounting for 97% of Cyprus’ GDP, according to the Central Bank of Cyprus.

Vassiliko Cement Works posted after tax profits of €10.1m for the first six months of 2019, a 13.5% jump on the €8.9m made during the same period last year.

Cyprus has the second-highest number of mobile tertiary students in the EU, according to the latest Eurostat figures published recently.