Employment levels in Cyprus rose in the first quarter of 2017 an annual 3.4%, which was the third highest in the euro area after Malta’s 6% and a 3.5% in Ireland, the European Commission’s statistical office said.

Addressing the recent Cyprus-Lebanon Business Forum, President Nicos Anastasiades said that Cyprus has exited years of recession to rebound strongly.

Value Added Tax (VAT) is Cyprus’ single most important source of public revenue Minister of Finance Harris Georgiades revealed in his opening address at the first-of-its-kind Limassol VAT Forum held recently.

For an eighth consecutive quarter, the economy is exhibiting a positive growth rate at 3.3%, with most sectors showing growth compared to the previous six-month period.

Cobalt has announced the launch of its new look website, www.cobalt.aero, which it said offers passengers a better user experience across devices for those wanting to book on smartphones and tablets.

The Cyprus Popular Bank Plc Co Ltd, the defunct lender known as Laiki, said that it was inviting tenders for advisory services for the sale of its Greek unit, the Investment Bank of Greece (IBG) and two other subsidiaries in Greece.

The home price index rose a quarterly 0.3% to 73.5 in October to December last year but fell an annual 0.9%, the Central Bank of Cyprus said.

Limassol is set to get twin towers with the ambitious project to take place in the city’s coastal road and a deadline set for December 2020.

The Environmental Committee has given the green light for the construction of two new hotels in Ayia Napa in a bid to attract quality tourism.

With the countdown well underway to Total’s first well, a hydrocarbons expert has dubbed the outcome as make or break for the gas potential of Cyprus’ offshore carbonate formations next to Egypt’s super-giant Zohr reservoir, just a stone’s throw away to the south.