After almost 4 years of deflationary pressures, prices for many basic goods in Cyprus have dropped a significant amount.

A new undersea electricity cable—the Euro-African Interconnector– will link Cyprus to Egypt and Greece, through Crete, following the signing of a relevant agreement in Cairo.

The Finance Ministry is set to acquire new tools to better effectively monitor public debt, CNA reported recently.

State-owned energy giant Qatar Petroleum (QP) is exploring oil and gas in Morocco and Cyprus as it aims to expand its liquefied natural gas (LNG) assets abroad while trimming costs at home.

Moody’s Credit Outlook which was issued on Thursday, 2 February 2017, highlighted the fact that the increase in deposits in the Cypriot banks has as a result the overall improvement of the banks’ funding structure.

The Ministers of Energy of Cyprus, Greece, Italy and Israel will have a meeting in the beginning of April 2017 to discuss the potential of transporting natural gas from the Eastern Mediterranean to Europe via Greece and Italy.

Feverish preparations are taking place in the Famagusta District for the next tourist season beginning in April 2017, with many hotel businesses making large-scale renovations.

Naguib Sawiris, the Egyptian billionaire businessman behind the Ayia Napa marina development has begun the active promotion of the project, seeking buyers for the real estate in the marina.

The new Chief Financial Officer (CFO) for Hermes Airports is Giorgos Paschalis since January 2017.

This year, Cyprus will host the annual meeting of the European Bank for Reconstruction and Development (EBRD).