New Central Bank Governor Constantinos Herodotou, has called on Cypriot banks to invest in technology and staff training to speed up due diligence checks on lawful transactions for anti-money laundering (AML).

EY recognizes that many talented and capable people need to work flexibly whilst pursuing their professional ambitions. Over the last years, flexible working has become the way we do business across the globe – it is now embedded into our culture, whether on a formal or informal basis.

Minister of Foreign Affairs, Mr. George Lakkotripis recently reported to the Cyprus News Agency (CNA), that significant progress has been made in the discussions regarding licensing energy field no. 7 to the TOTAL-ENI consortium. He added however, that some legal issues are pending for final settlement.

EY has been recognized as a leader for business consulting services in all geographies by the IDC MarketScape: Business Consulting Services 2019 Vendor Assessment.

Cyprus’ economy expanded by 3.5% in the first quarter of 2019 on an annual basis, racking up 17 quarters of consecutive growth, official data showed recently.

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Cyprus airports has seen a small increase in passenger traffic, giving hope to tourism industry stakeholders that 2019 will not be far off last year’s all-time record of almost 4 million tourist arrivals.

Radisson hospitality is to expand its brand of hotels to the island’s capital, as it moves forward with plans to build the Radisson Blu Nicosia, as the company seeks to enhance its presence in Cyprus.

Demetra Investments Ltd increased its stake in Hellenic Bank from 18.42% to 21.01%, according to a CySEC announcement.

President Nicos Anastasiades said recently that the government will continue to responsibly promote the necessary reforms to the economy that will aid all people.