Tourism Minister Yiorgos Lakkotrypis recently concluded a two-day series of meetings with major tour operators and airlines within the framework of the annual World Travel Market in London, stating his overall satisfaction both with performance of Cypriot tourism in 2018 and with the results of these meetings.

We are pleased to share with you that Soteris Pittas & Co LLC is awarded by ACQUISITION INTERNATIONAL LEGAL AWARDS 2018 as Commercial Law Firm of the Year in Cyprus, after receiving the highest number of nominations in the indicated category, reconfirming our firm as one of the most outstanding performers in the market.

Cyprus is the 62nd safest country in the world according to the Global Peace Index 2018 (GPI), published by the World Economic Forum.

The Cyprus Government is discussing a new wave of the exploration programme with the licensees in the Cyprus Exclusive Economic Zone (EEZ) that will be pursuing over the next few months, according Minister of Energy Yiorgos Lakkotrypis who was addressing the Economist’s 14th Cyprus Summit.

Tourism brought in a revenue of €428.2m in August 2018, recording an increase of 1.1% compared to August 2017, which generated €423.6m, the statistical service said recently.

The government, in collaboration with the commercial and industrial partners, is working towards the creation of a new model of growth and renewal of the economy, Minister of Energy, Commerce, Industry and Tourism Yiogos Lakkotrypis has said.

The Finance Ministry announced recently the creation of a webpage where the public can compare bank charges relating to current accounts and other services, in line with a 2014 EU directive.

Bank of Cyprus (BoC) confirmed in recent reports that it would stop issuing American Express cards, due to a change in the policy of the US-based company.

The vessel leased by ExxonMobil to drill for gas off the coast of Cyprus was on November 1st 2018 en route to the island.

President Anastasiades expressed his government’s strong commitment to reinforcing the Cypriot maritime cluster and supporting the shipowners with vessels under the Cyprus flag.