Straight from a Mitsubishi shipyard in the city of Nagasaki, Japan, the newly constructed seismographic vessel Ramford Hyperion will make its way to the waters of Cyprus’ Exclusive Economic Zone (EEZ).

New airliner Cyprus Airways has announced that it will get its operations underway this summer but will start with only short-haul flights.

AstroBank, the lender that emerged from the acquisition of a majority stake in the Cypriot unit of Greece’s Bank of Piraeus, will consider opportunities to acquire assets in an attempt to implement its growth strategy, its top executive said recently.

The value of transactions Cypriots carried out in Cyprus in March 2017 with the use of plastic money rose 15% to €225.8m compared to the respective month of 2016, company JCC Payments Systems Ltd said.

The IMF’s mission visited Nicosia during March 27–31 for the first post-program monitoring (PPM) discussions since Cyprus exited the bailout scheme last year. The PPM forms part of the IMF’s regular monitoring process of countries with significant outstanding IMF credit, focusing on the ability of the said countries to repay the Fund.

By July 2017 the government plans to have ready a draft national strategy for boosting industrial output in the long term, making the island less reliant on imports, industry minister Giorgos Lakkotrypis said recently.

Thomas Cook Airlines has announced it will conduct weekly flights between Newcastle and Paphos throughout the summer season for 2017.

Investment funds and wealthy investors from Russia and China and other Far Eastern countries are purchasing prime real estate in Cyprus.

An increase of 37% in construction permits was recorded in January 2017 compared to the same month last year according to the Statistical Service.

The chairman of the euro area finance ministers, Dutchman Jeroen Dijsselbloem, said that the economic performance of Cyprus is “very strong and very good” and that growth may exceed 3% this year.