The evaluation process for the Cyprus casino resort has been completed, and the government is ready for the last stage of the authorisation process which is the ratification by the Cabinet, Tourism Minister Giorgos Lakkotrypis announced recently.

It seems to be a record year for Cyprus tourism, as the month of March 2017 had the highest volume of tourist arrivals ever recorded in Cyprus during the specific month.

A Cyprus commerce official has revealed that additional air and all-new sea links between the island and Egypt will most likely be created soon.

The Cyprus economy is exhibiting a slight growth rate of the economy for the years 2017 and 2018, according to the International Monetary Fund (IMF), aligning its projections for the next two years with corresponding evaluations of the European Commission.

Over a quarter of the island’s GDP will come from tourism by 2027 says the World Travel and Tourism Council (WTTC) in a report.

The Environmental Authority has given the green light for a €220 million development project in Ayia Napa about one kilometer from the beach at Ayia Thekla and in a Natura 2000 zone.

Laiki’s 9.6% share in Bank of Cyprus was on the agenda of a resolution authority meeting earlier this week, as the members have been asked to make a decision regarding the sale.

Melco-Hard Rock Cyprus resort casino consortium is moving full speed ahead to establish four satellite casinos in the summer and an interim one in Limassol later in the year.

Cyprus’ trade deficit in January 2017 jumped by 58% to €349.8m compared with €220.9m in the corresponding period of 2016, the Cyprus Statistical Service (Cystat) reported recently.

In the fourth quarter of 2016, the business investment rate was 23.5% in the euro area, compared with 22.0% in the previous quarter.