Seasonally adjusted GDP rose in Cyprus by 0.6% in Q1 of 2017 compared to Q4 2016 and by 3.3% since Q4 2016, according to Eurostat.

The value of transactions with plastic money rose 21% in May 2017 compared to the respective month of 2016 to over €201.1m, JCC Payment Systems Ltd said.

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Ways for deepening pragmatic cooperation in all areas within the framework of the Belt and Road Initiative were discussed during a seminar that took place in Nicosia and was attended by the Chinese Ambassador, the Minister of Education of Cyprus, other officials and prominent businessmen from China and Cyprus.

Cyprus President Nicos Anastasiades recently received in Washington DC a delegation from ExxonMobil headed by its Chief Executive Officer Darren Woods.

Telecom company MTN has announced a €23 million investment to expand its network and upgrade technical facilities.

Hermes Airports continues its outstanding performance with new certifications that raise the airports of the Republic of Cyprus even higher.

A big deal is said to have been struck between Cyprus and the British bases over the sale of land to make way for port facilities for drilling vessels off the island.

In April 2017 compared with March 2017, the seasonally adjusted volume of retail trade rose by 0.1% in the euro area (EA19) and by 0.5% in the EU28, according to estimates from Eurostat, the statistical office of the European Union.

The Limassol Boat Show 2017 concluded for another year with a record attendance and sales with over 20,000 people from various countries visiting the show over three days.