Cyprus households are to enjoy the benefits of super-speed internet exceeding 100Mbps by 2025, joining in the digital revolution taking place in the rest of the world.

EuroAsia Interconnector, promoter of the European project of common interest (PCI 3.10) has applied for an EU grant to construct the subsea electricity interconnection between Crete and Attica, benefiting Greek consumers by €355 million with a commissioning date of mid-2022.

Cyprus registered the lowest annual inflation rate in the EU for May with 0.2%, according to Eurostat.

Cyprus is among the few countries in the EU where house prices fell between 2010 and 2018, a new Eurostat report published recently said.

EY has been recognized by Forrester Research as a leader in The Forrester Wave™: Global Digital Business Transformation Accelerators, Q1 2019. The report assessed global consultancies, technology integrators and digital agencies for their abilities to help Management and CIOs plan and carry out digital transformation initiatives.

Recently addressing a ceremony held for the conclusion of the first phase of investments by Eurogate at Limassol port, President of Cyprus Mr. Nicos Anastasiades, said: “the Limassol port is one of the most advanced ports in the Eastern Mediterranean region and constitutes an important source of revenue for Cyprus.”

Borrowing costs of the Republic of Cyprus is continuing on its downward trend, as the 10-year bond yield has fallen to historically low levels in recent months.

Tourist arrivals to Cyprus in May 2019 dropped for the second time this year, after an unbroken run since 2015, mainly due to a fall from the island’s main holiday markets Britain, Russia and Germany, official data showed recently.

APS Holdings, one of Europe’s largest debt servicing companies, says it has been instrumental in successful efforts to combat the problem of non-performing loans in Cyprus and Greece’s.

Cyprus has designed and approved its national strategy on blockchain technologies, which includes a timetable and an organizational structure.