If Cyprus is to attract the big users of telecommunications like data hosting or hi-tech financial services trading, and if it is to meet the challenge of deep-pocketed new players like Google and Microsoft, it needs to attract more foreign investment.

Inflation in Cyprus was 1.4% in February 2017, up from 0.7% in January 2017, with a monthly rate of 0.1%.

Cyprus took a step closer to becoming a regional technology hub as Imperial College’s Vice President David Gann visited the University of Cyprus to help launch the two universities’ joint KIOS Centre of Excellence.

The Cooperative Central Bank was ordered to hold more capital by the European Banking Authority (EBA) to hold more capital, as part of the EBA’s exercise in identifying 'Other Systemically Important Institutions (O-SIIs)' in the EU.

Cypriot businessmen and foreign investors are the main buyers of the immovable properties in the hands of the Real Estate Management Unit (REMU) at the Bank of Cyprus, with increases in the number of transactions taking place in debt-for-property swaps in February 2017.

The number of persons employed increased by 0.9% in Cyprus, by 0.3% in the euro area (EA19) and by 0.2% in the EU28 in the fourth quarter of 2016 compared with the previous quarter, according to national accounts estimates published by Eurostat.

The share of energy from renewable sources, expressed as a percentage of gross final energy consumption in Cyprus, stood at 9.4% in 2015, according to data released by Eurostat recently.

German tourist arrivals for 2017 are expected to be largely improved over last year’s figures with 180,000 Germans expected to visit Cyprus during the 2017 summer period.

S&P Global Ratings has assigned its 'BB-/B' long- and short-term counterparty credit ratings to RCB Bank Ltd. The outlook is stable.

Cypriots would be better served to manage their expectations of a gas bonanza, an energy analyst told the fourth Eastern Mediterranean Gas Conference in Cyprus recently.