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Study into support of gas industry

23 July 2014 LARNACA municipality has tasked Lloyd’s Register Energy with carrying out an independent study into the potential... read more...

CCCI Creates Cyprus South Africa Business Association

17 July 2014 The Cyprus Chamber of Commerce and Industry (CCCI) is pursuing the creation of the Cyprus–South Africa Business Association, and is calling on interested parties to participate accordingly. read more...

New flights to Cy airports

16 July 2014 Cyprus Hermes Airports announced the operation of new routes to and from the international airports of the... read more...

50 temporary jobs to deal with expected GMI applicants

16 July 2014 Preparations by the government for the introduction of the Guaranteed Minimum Income (GMI) welfare... read more...

New Alternative Investment Funds Law Approved

14 July 2014 The eagerly-awaited law on Alternative Investment Funds was approved unanimously passed by the House of Representatives last week. read more...

Cyprus and China Committed to Strengthening Relations

11 July 2014 The Ambassador of Cyprus in Beijing, Agis Loizou, has expressed... read more...

Fitch Upgrades Will Help Restore Investor Confidence

7 July 2014 The upgrading of the Bank of Cyprus (BoC) and Hellenic Bank by Fitch Ratings is a positive and important development in the course of stabilising the economy, Minister of Finance, Harris Georgiades has said. read more...

Investing in Cyprus Real Estate

1 July 2014 Ask anyone what Cyprus needs in order to restart its economy and you can be sure that one of the first things you’ll hear is “Foreign Investment”. read more...

Investor Interest in Kermia Hotels Intensifies

30 June 2014 Against the backdrop of the Bank of Cyprus’ (BoC) latest development –that of it being in pursuit of increasing its capital – investor interest for one of the group’s subsidiaries, Kermia Hotels Limited has reportedly intensified. read more...

The Cyprus Emerging Companies Market A Safeguard to CFC Rules

27 June 2014 In light of the recent financial turmoil and the ever increasing need for the attraction of new investors and companies in the... read more...

Chapo Makes 4 8 Million euros from Limassol Land Sale

24 June 2014 InBusinessNews has confirmed the sale of land along Archbishop Makarios III Avenue in Limassol for €4.8 million to... read more...

EC Adopts Partnership Agreement with Cyprus

23 June 2014 Τhe European Commission has adopted a ‘Partnership Agreement’ with Cyprus, setting down the strategy for the optimal use of European Structural and Investment Funds... read more...

China Oil in talks to buy part of Aphrodite field

21 June 2014 Energy giant China National Offshore Oil Corp. (CNOOC) is reportedly in talks to buy 30 to 40 per cent of the Aphrodite gas field in Cyprus’ offshore Block 12. read more...

Cyprus receives 200 000 Euros from Kuwait for the Committee on Missing Persons

11 June 2014 The President of Cyprus Nicos Anastasiades received on Friday a financial contribution from the State of Kuwait, aiming to assist the work of the Committee on Missing Persons with €200,000. read more...

Cyprus and India closer to resolving double tax dispute

11 June 2014 NICOSIA and New Delhi are inching closer to putting their double taxation avoidance agreement (DTAA) back on track, financial sources said yesterday. read more...

Conference Set to Promote Cyprus as a Fund Jurisdiction

6 June 2014 On Wednesday June 4, 2014, a conference was held on Collective Investment Schemes in Cyprus, courtesy of a joint venture between the Cyprus Stock Exchange (CSE) and the Cyprus International Institute of Management (CIIM). read more...

Cyprus Should Seek to Emulate the Netherlands

4 June 2014 With Europe’s overall economic recovery ongoing, whilst the state of some of the Southern European countries remains precarious, is it time to protect Cyprus’ ever-important financial services sector by... read more...

Iraq Cyprus flights relaunched

4 June 2014 Zagrosjet Airlines yesterday launched flights to Cyprus from the Iraqi town of Erbil. The Larnaca-Erbil route will be carried out once a week and will be operated with Airbus 320 and 321 aircraft. read more...

Development bank close to agreement with Russian investors

4 June 2014 NEGOTIATIONS between the Cyprus Development Bank’s (CDB) shareholders and a Russian group for the acquisition... read more...

Exploratory Drilling Commencing Earlier than Expected

30 May 2014 More natural gas reserves need to be discovered within Cyprus` Exclusive Economic Zone (EEZ) in order to proceed with plans for a liquefied natural gas (LNG) terminal on the island... read more...

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