Fifteen years after it entered the Cyprus market as the first private telecom operator, challenging the monopoly of state-owned Cyta, MTN has been rebranded as Epic following a €260m takeover, with ownership once again in European hands.

Ryanair said recently it will continue to grow in Cyprus next winter and will deliver a total of 1.2 million customers annually at Larnaca and Paphos airports, a 30% increase year-on-year.

In June 2019, economic sentiment deteriorated on weaker business confidence as the Economic Sentiment Indicator decreased by 1.9 points compared with May, the University of Cyprus research centre said.

More than 1,000 participants will take part in the largest Robotex robotics festival to be held on June 29 and 30, 2019 at the University of Cyprus.

Hermes Airports said recently the operator had signed a landmark commitment to become net zero for their carbon emissions by 2050.

For many years, Cyprus was trying to convince one of the big international banks to start operations in Cyprus.

Melco Resorts & Entertainment has agreed to acquire parent company Melco International Development’s entire 75% stake in ICR Cyprus – the operating entity of under construction integrated resort casino City of Dreams Mediterranean.

Cyprus’ ‘recovery phase’ has passed and the economy is settling into its ‘growth phase’, Hellenic Bank’s Economic Research Department said recently.

Cyprus start-ups and other enterprises will have the opportunity to raise funding from three ground-breaking programs, aimed at boosting innovative entrepreneurship and promoting products or services.

Restaurant and hotel prices in Cyprus are 7.8% lower than the European Union average but food prices are 8.4% higher according to Eurostat’s updated data visualisation which allows consumers to easily compare data on consumer price levels in the EU 28.