The trade deficit in Cyprus marked an increase of 21.25% in the first five months of 2017 and from €1.660,3 million it was increased to €2.108,2 million.

Royal Dutch Shell Plc said it is considering buying natural gas from Israel’s Leviathan field and with gas from Aphrodite, turning the eastMed into a major gas producing hub.

The record-high tourist arrivals, which rose an annual 15% over the past 7-month period edging 2 million is a credit positive for Cypriot lenders, Moody’s Investors Service said.

Public finances are fully in check and within the targets set in the 2017 government budget, Finance Minister Harris Georgiades said recently.

New developments in the energy sector will be discussed at the 5th Energy Symposium, to be organized on November 1, 2017 in Nicosia, by the Institute of Energy for South-East Europe and fmw financial media way.

Demand for loans is gradually picking up and, although it has yet to reach the peaks of previous years, it is creating mobility at banking branches for all sorts of services.

The Industrial Turnover Index for May 2017 reached 90.2 units (base 2010=100), recording an increase of 18.1% compared to May 2016.

The number of tourist arrivals exceeded for the very first time the half-a-million mark when they rose in July 10% to 531,030 compared to the respective month last year, the statistical service said.

The development of the Larnaca port and marina are back on track after a company repealed an appeal to the Tender Review Authority for its exclusion to the tender procedures.

Cyprus is the seventh most popular European country for Britons looking to relocate or buy a second home, figures from property website Rightmove suggest.