The Melco International Developments and CNS consortium responsible for bringing the first casino resort to Cyprus have finalised their choices for the establishment of the temporary casino in Limassol and the four satellite casinos around the island.

Retail trade grew in May 2017 and in the first five months of the year, the island’s statistical service said recently.

Cyprus' Industrial Turnover Index accelerated by 11.4% in the first four months of 2017 compared with the corresponding period of 2016, figures released recently by the Statistical Service show.

Guarantees provided by the Cyprus government amounted to €1.76 billion at the end of June 2017, according to data released by the Cyprus Treasury.

Passenger traffic at Paphos International Airport reached 4.1 million in the first six months of 2017, registering a significant increase of 17.8%, as the airport marks ten years of operations.

Despite Turkish provocations in the island’s Exclusive Economic Zone (EEZ), Cyprus’ energy plans are continuing as scheduled according to Energy Minister Giorgos Lakkotrypis.

The Cyprus Tourism Organisation (CTO) is set to adopt a new strategy in ‘wedding tourism’ which has become an important and special type of tourism in which the CTO attaches great importance.

Banks in Cyprus own almost 50% of the housing on the island through the mortgages associated with the purchase of the main residence.

Although Cyprus remains an untested market on loan sales, this will soon change as new players who mean business are entering the market.

Like those in all Cypriot resorts, hotels in Paphos say they are experiencing the busiest tourist season ever, and for the first six months of the year, visitor numbers have broken all previous records.