Cyprus airports saw a 3.6% increase in passenger traffic in the first six months to June 2019 compared to the same period last year, according to data from operator Hermes Airports.

Swiss International Air Lines (SWISS), which is part of the Lufthansa Group, has launched flights from Geneva, Switzerland to Larnaca, Cyprus.

The European Bank for Reconstruction and Development (EBRD) has appointed Andreea Moraru to lead its operations in Greece and Cyprus.

Tourist arrivals are down on 2018, confirming initial fears that 2019 will be difficult, Cyprus Hotels Association chairman Harris Loizides told the press recently.

InterContinental Hotels Group, one of the largest hotel chains in the world, announced that the new Hotel Indigo in Larnaca will open to the public by the end of 2019.

Monthly industrial producer prices for energy and consumer goods rose sharpest in Cyprus at 2.4% the largest hike in the EU.

Following the announcement of a revived corporate identity, Cybarco has launched its new website. Featuring the company’s history, heritage and iconic developments, the elegant image-led portal is a one-stop platform for all things “Cyprus property”.

Confidence in the mergers and acquisition (M&A) market is rising, with 58% of technology, media and entertainment, and telecommunications (TMT) executives planning to pursue M&A in the next year – up from 42% six months ago. This is according to the 20th edition of the EY Global Capital Confidence Barometer (CCB), which indicates that concerns around regulatory headwinds and competition are not preventing businesses from harnessing the transformative power of M&A.

Cyprus unemployment further dropped to 6.5% in May 2019 from 6.8% in April and 8.3% in May 2018, recording the second biggest annual decrease in the EU, according to Eurostat.

Deposits in monetary credit institutions recorded an increase of 1.7% on an annual basis, data released by the Central Bank of Cyprus show.