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check iconYour Agency for Quality Real Estate in Cyprus - Specialists for Property in Paphos and Limassol

Economy expandsCyprus’s economy expanded 4 per cent in the first quarter of 2018 compared to the respective three-month period last year and 1 per cent compared to the quarter before, the statistical service said.

In January to March, economic output rose a seasonally adjusted 4 per cent compared to the respective period of 2017, Cystat said in a statement on its website on Friday.

UK body offers accountingThe Institute of Chartered Accountants in England and Wales (ICAEW) is offering a scholarship to a student for the academic year 2018-2019 at the University of Cyprus.

The scholarship is part of the ICAEW Foundation’s ‘Changing Futures’ scholarship programme and was announced during a meeting of ICAEW vice president Fiona Wilkinson with professor Constantinos Christofides, rector of the University of Cyprus. The programme has successfully supported talented students experiencing financial difficulties at UK universities.

Small DarylSince bank problems in 2013, Cyprus has worked hard to recover and has become one of the fastest growing economies in the EU.  The country’s fortunes were turned around in just three years after the banking crisis and left the recession behind in late 2015, much earlier than had been predicted by the relevant European agencies.

Ripple University of NicosiaThe University of Nicosia (UNIC) has announced that it has entered a multi-year agreement with Ripple to support its world-leading initiatives in the areas of blockchain technology and cryptocurrency, through support of academic research, technical development and student scholarships.

Tourist arrivalsTourist arrivals rose in May by 7.6 per cent to 450,955 compared to the respective month of 2017 as secondary markets offset a decline in Russian visitors, the statistical service said on Monday.

Last month, the number of tourists from the UK rose an annual 3.8 per cent to 160,948 while that of tourists from Russia fell 7.9 per cent to 99,572, Cystat said. Arrivals from Germany and Greece rose 2.9 per cent to 21,679 and 13 per cent to 16,622 while those from Sweden and Israel fell 0.2 per cent to 20,341 and 3.7 per cent to 19,947 respectively.