The Cyprus economy grew by 2.6% in the first quarter of 2016, according to a flash estimate compiled by the Statistical Service.

The Larnaca port and marina project will be put to tender by September 2016, while other infrastructure projects in the pipeline are to be rolled out in the near future, Transport Minister Marios Demetriades said recently.

Energy giants Noble, Delek and BG are poised to return the exploratory rights of Block 12 in the Aphrodite field, following seven years of exploring the reservoir within Cyprus’ Exclusive Economic Zone (EEZ).

The Cyprus economy will grow at a rate of 2.2% of GDP in 2016, the Ministry of Finance predicts.

More and more Russians are set to flock to the island in the summer of 2016, leading the way for smaller markets to follow suit.

A Cyprus-based programme has been shortlisted as one of the nine best and successful candidates in a European competition for the promotion of safe, clean and efficient energy.

Cyprus can expect GDP growth of 2% says the European Bank for Reconstruction and Development (EBRD).

The number of new company registrations rose in April by 17% to 1,029 compared to the respective month of 2015, the department of company registrar and official receiver said recently.

Italy’s national airline Alitalia will begin flights to Cyprus after a six-year absence, while Greek company Ellinair has officially arrived in Cyprus aiming to directly connect Europe with Russia.

The Cyprus Securities and Exchange Commission announced recently that it will promote amendments to the legal framework governing collective investments, a move that would boost the Cyprus investment fund sector, CySEC Chairwoman Demetra Kalogirou said.