Private telecoms provider MTN officially launched its 4G network recently, which promises high internet speeds and cutting edge browsing experience.

A new incentives package to entice more airlines to Cyprus was signed recently between airports’ operator Hermes and the Ministry of Communications, Works and Transport.

British Airways is increasing its Larnaca-London Heathrow services as of 29 March 2015, the official start of the summer period for airlines.

Several developments in the hydrocarbons sector are expected in the coming weeks, Energy Minister Giorgos Lakkotrypis said on the sidelines of an investment forum in New York recently.

Cyprus GDP decreased by 0.7% in the last quarter of 2014, compared to a decrease of 0.3% in the third quarter of last year, according to the EU statistical office Eurostat.

With household incomes dwindling and banks still not fully injecting money into the economy, consumers seem to be holding back on their spending habits, with credit card payments recording a cumulative 12% fall in the first two months of 2015.

The mayors of Ayia Napa and Paralimni have said they are optimistic that tourists from Germany, Switzerland and Holland will offset declining arrivals from Russia in 2015.

With correct planning, Cyprus could quickly have a Gross Domestic Product of €30 billion, the CEO of Bank of Cyprus John Hourican said recently.

France’s Total is close to extending an offshore natural gas exploration programme in Cyprus after coming up empty in prior surveys, Energy Minister Giorgos Lakkotrypis said recently.

The Central Bank of Cyprus said that the resolution authority decided to strengthen governance levels in the administrative team of the legacy of Cyprus Popular Bank, after reports emerged in the press that investor interest in acquiring its Bank of Cyprus stake remained unanswered.