More and more members of the public are being put on file by the Tax Department, according to an annual report by the Ministry of Finance.

Property sales in the first five months of 2016 rose a substantial 25%, compared to the same period last year, according to data published by the Land Registry, where a significant increase in the transfer of properties was also recorded.

Government Spokesman Nikos Christodoulides has said he is pleased with the meetings he had in Washington recently, with International Monetary Fund (IMF) and US State Department officials.

President Nicos Anastasiades said that Cyprus is emerging stronger from the crisis it experienced in the past years and managed to enhance and expand its comparative advantages.

President Nicos Anastasiades announced his intention to spearhead a national effort to restructure tourism on multiple fronts, and requested the contribution of the tourist industry and other political parties.

Eurobank Cyprus announced its fiscal report for Q1 of 2016, recording after-tax profits of €7.8 million.

Νet demand for loans in Cyprus by both businesses and households recorded an increase in the first quarter of 2016, according to the Bank Lending Survey conducted in the euro area Member States and published by the Central Bank of Cyprus.

Cyprus’ government debt rose by €94m in March 2016, to €18.7bn, compared to December, the public debt management office said.

Revenue from tourism recorded a significant increase of 24.5% in March 2016, amounting to €80.9 million in March 2016 compared to €65.0 million in the corresponding month of the previous year.

The new Cyprus airline, Cobalt, recently embarked on its maiden flight.