Fiscal issues, structural reforms and Non-Performing Loans (NPLs) are the focus of the third post memorandum review of the Cyprus economy.

The central government saw its revenue rise in January to August 2017 by €518.3m to below €4.1bn which matches 67% of total revenue expected to flow to the government’s coffers this year, the Treasury said.

Tourist arrivals are expected to exceed 3.6m in 2017, setting a new record, the Cyprus Tourism Organisation (CTO) said recently in a statement marking World Tourism Day.

The retail trade showed significant increase in July 2017, according to figures released by the Statistical Service of Cyprus recently.

Industrial Turnover Index was up by 12% in June 2017 on an annual basis and 12.9% in the first six months of the year, data released by the Cyprus Statistical Service show.

Trade deficit was up by 12.6% in the first six months of 2017, data released by the Cyprus Statistical Service show.

Officials of the former Troika of Cyprus’ international creditors are in Cyprus for the third time since the island completed its adjustment programme 18 months ago as part of the post-programme surveillance, the press reported recently.

Following the successful and enjoyable Regattas organised in the past by the Cyprus Shipping Chamber in close cooperation with the St. Raphael Yacht Club, another fun sailing event for this year has been planned to take place on Saturday, October 7, the day before the opening of the ‘Maritime Cyprus 2017’ Conference.

IMF representatives have started consultations with the government of Cyprus, focusing on the reduction of excessive private and public debt and the management of non-performing loans.

The largest three-day Exhibition on Cyprus Products & services opens on Friday, Sep 22, at Trakasol Cultural Center in Limassol Marina.