Cyprus’ real estate sector is continuing to thrive, building on the upward trend of previous years, as sales transactions in 2018 reached a nine-year peak, making experts feel hopeful the market is robust.

Fitch Ratings said that it had downgraded Bank of Cyprus `long-term senior unsecured debt rating to 'CCC' from 'B-' and Recovery Rating to 'RR6' from 'RR4'.

The German tourism market is expected to decline by 20% in 2019, deputy minister of tourism Savvas Perdios said recently.

On 24 May 2019, Cyprus ratified the double taxation treaty it had signed with Kazakhstan earlier this year which is expected to enter into force on the 1st of January following the year that all steps are taken by the two countries to give effect to the treaty.

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Pafilia Property Developers presented its new flagship project in Limassol, NEO, at a glamorous soiree with distinguished guests on June 3rd. The globally significant and ultra-stylish four-tower resort, situated on the waterfront in the heart of the city, will provide a new anchor and destination for Limassol.

Cyprus is set to enjoy a novel shopping experience as work on the island’s first designer outlet and entertainment village is set to begin in September and completed by May 2020.

An Equity Fund should be established to address the difficulties small and medium sized enterprises (SMEs) encounter in obtaining financing, the Cyprus Economy and Competitiveness Council has proposed.

On Thursday, 20th of June 2019, the 15th CFO Management Forum took place at the Hilton Park Hotel in Nicosia. The forum brought together around 200 chief financial officers and other key executives from the major companies and corporations operating in Cyprus, as well as government representatives and officials.

PwC Cyprus’ trainee accountants have once again achieved significant distinctions in the 2018 examinations of the Association of Chartered Certified Accountants (ACCA).