The president of the European Investment Bank Werner Hoyer said that while Cyprus’s economy “made huge progress” following the financial crisis of 2013, the unemployment rate remains high and much remains to be done.

Italian energy major Eni has finalised a farm-in agreement with France’s Total to acquire 50% participating interest of Block 11, offshore Cyprus.

Reborn Cyprus Airways expects to get an air operator certificate within days followed by a commercial license in a couple of weeks so as to begin selling tickets.

Cyprus’ GDP growth rate during Q4 2016 was estimated at +3%, the island’s statistical service reported recently.

The value of plastic money transactions rose 9% in February 2017 to €195.2m compared to the respective month of 2016, JCC Payment System Ltd said.

Cyprus recorded robust real GDP growth of 2.8% year on year in Q4 2016 putting Cyprus in the top 10 in the EU, according to Eurostat.

On 1 March 2017, the Bank of Cyprus announced the Preliminary Group Financial Results for the year ended 31 December 2016, recording a profit after tax of €64 million for 2016 marking the Bank’s first profitable year after the 2013 economic crisis.

Featuring more than 265 completed projects under its belt, Aristo Developers continues its dynamic course with the new addition to the rich collection of unique, new residential projects in the most sought-after locations of Limassol.

Credit institutions are offering attractive interest rates and extended loan repayment deadlines in an effort to reignite the housing loan market.

Cyprus ranked 19th out of 195 countries for its high level of political rights and civil liberties in 2016, higher than France and the US, which came in at 27th and 28th place respectively.