The Environmental Authority has given the green light for a €220 million development project in Ayia Napa about one kilometer from the beach at Ayia Thekla and in a Natura 2000 zone.

Laiki’s 9.6% share in Bank of Cyprus was on the agenda of a resolution authority meeting earlier this week, as the members have been asked to make a decision regarding the sale.

Melco-Hard Rock Cyprus resort casino consortium is moving full speed ahead to establish four satellite casinos in the summer and an interim one in Limassol later in the year.

Cyprus’ trade deficit in January 2017 jumped by 58% to €349.8m compared with €220.9m in the corresponding period of 2016, the Cyprus Statistical Service (Cystat) reported recently.

In the fourth quarter of 2016, the business investment rate was 23.5% in the euro area, compared with 22.0% in the previous quarter.

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.