The state-owned Cyprus Asset Management Company (Kedipes), which was established following the sale of the former Cyprus Cooperative Bank to Hellenic Bank, generated an income of over €101 million in its first four months of operation, it announced recently.

During the 11-month period January to November 2018, building permits issued in Cyprus increased 12.05% to 5,929 compared to 5,291 in the same period of 2017.

Celestyal Cruises, the cruising division of Cyprus-listed Louis Plc, is returning to its home base towards the end of 2019 offering five week-long cruises out of Limassol, calling on Piraeus, Rhodes, Alexandria, Ashdod and Kusadasi.

RCB Bank announced recently it has expanded its list of payment solutions offered to customers to include card clearing operations, as it takes on board some of the island’s biggest commercial businesses such as IKEA.

Debenhams Olympia, one of Limassol’s shopping landmarks is to be knocked down to make way for a 45-storey luxury apartment block on the town’s seafront.

The vast majority of Cypriots (85%) are satisfied with their life — close to the EU 28 average of 83%, with the Irish the most satisfied with 97% and the Greeks the least with only 49%, according to later Eurobarometer.

Prices of Construction Materials in January 2019 recorded an increase of 1.61% compared to January 2018, according to data released recently by the Statistical Service of Cyprus.

In 2017, 3.5% of the population of Cyprus (13,400 people) were working in a cultural sector or occupation, a Eurostat report found.

The Radisson Hotel Group will expand its operations in Cyprus from three to six hotels by 2025 after signing a new master development agreement with SunnySeeker Hotels.

Tourist arrivals were up in January 2019, mainly due to a significant increase in arrivals from the UK.