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.

The coming weeks will be testing the course of the Republic of Cyprus government's energy plans, along with its credibility.

The number of registered unemployed fell in May 2017 an annual 12% and a monthly 8.8% to 29,922, and for the first time below the 30,000 since October 2011, the statistical service said.

The Cyprus harmonised consumer price index rose 0.9% in May 2017, compared to the respective month of 2016, and 0.1% compared to the month before, the statistical service said.

DBRS rating agency has upgraded the Republic of Cyprus’ long-term foreign and local currency issuer ratings from B to BB (low) and changed the trend from Positive to Stable.

CyprusProfile.com asked Demetris Kouloundis, Regional Sales Director MEA of Kardex Systems Ltd., about the key advantages of investing in Cyprus.