Cyprus has once again recorded the largest annual decrease in unemployment rates in the EU, from 10.2% in September 2017 to 7.4% in September 2018.

Cyprus recorded a General Government surplus of € 769.7m or 3.7% of GDP, in the period January-September 2018, according to data released by the Statistical Service of Cyprus.

The stock market (CSE) said it has suspended trading of Hellenic Bank shares at the lender’s request, as it expects its profit after tax for the first nine months of 2018 to be higher than expected due to the inclusion of assets and liabilities acquired from the cooperative bank.

Economic growth is expected to exceed 3% over the next three years, Finance Minister Harris Georgiades told MPs recently.

Hellenic Bank requested suspension of trading of its shares on Monday 29 October 2018, as it expects its profit after tax for the first nine months of the year to be significantly higher than expected due to the inclusion of assets and liabilities acquired from the cooperative bank.

The government has started preparations for inviting new tenders for the construction of a marina in Paphos at Potima Bay in Kissonerga.

The Republic of Cyprus will proceed with its energy plans, exactly as foreseen, Minister of Energy Yiorgos Lakkotrypis said recently from Paphos.

Austrian low-cost airline Laudamotion is to commence twice-weekly flights from Larnaca to Vienna, starting from October 28, 2018 airport operator Hermes announced recently.

Paphos and the free Famagusta area between them account for three out of five hotels in Cyprus, according to CTO figures submitted to parliament.

Pafilia has withdrawn its interest in a tender to design, build and operate a Paphos marina.