Loan interest rates for Coop customers will not increase after the application of a unitary interest rate policy, said the head of the strategy and communications office of the Cooperative Central Bank (CCB), Yiannos Stavrinides.

Cyprus Hydrocarbons Company (CHC), has named Lloyd’s Register as independent commercial advisor for its commercial exploitation of hydrocarbons in its Exclusive Economic Zone (EEZ).

A joint venture led by Cyprus-based contractor Joannou & Paraskevaides (J&P) has been awarded the contract to build the new Qatar Foundation (QF) Stadium for the 2022 World Cup.

The government aims to repeat record tourist arrivals in the coming years, tourism minister Giorgos Lakkotrypis said recently.

The Cyprus Statistical Service announced that the number of building permits authorised by the municipal authorities and the district administration offices during June 2016 stood at 455.

GRS Recruitment and GRS Group company Fairfax Yeaman are pleased to announce that they have successfully relocated to larger premises in Limassol, Cyprus with a team of 20 staff members working under the leadership of GRS founders, Donna Stephenson and Steve Slocombe.

The value of transactions carried out in Cyprus with the use of Cypriot cards rose an annual 7% in August 2016, to €190.9m, payment processing company JCC Payment Systems Ltd said.

Cyprus’ harmonised consumer price index fell 0.6% in August 2016, compared to the respective month of 2015, as energy prices continued to drop, the statistical service said.

The head of the retail banking division at Bank of Cyprus, Ηaris Pouangare, said that its non-performing loan rate has dropped to one-third of the respective portfolio.

Cyprus’ economy was the third fastest growing in the euro area, with a quarterly rate of 0.7% in Q2 2016, in which the euro area’s economy grew 0.3%, the EU's statistical division said.