Property owners have six months to appeal the government’s evaluation of their real estate and correct any other mistakes made in the process of fixingimmovable property tax (IPT), officials said recently.

Bank of Cyprus announced the successful private placement 4.166.666.667 new ordinary shares at €0.24, completing the first phase of its capital raise.

The planning and implementation of the Rural Development Programme and the Operational Programme for Fisheries are part of the vision to create a ministry that is productive and evolutionary, providing employment and opportunities to the country and the economy, stated Agriculture Minister, Nicos Kouyialis recently.

International lenders concluded a fifth review of Cyprus’s economy recently, saying the island was making “relatively good progress” after a bailout last year but that key challenges lay ahead.

Even though more than nine out of ten Greek Cypriots believe the economy is bad, according to the latest Eurobarometer, they are relatively more optimistic in their overall opinions than the Autumn 2013 survey.

Troika technocrats have green-lighted Cyprus’ National Health Scheme (NHS), according to a statement issued by the Health Ministry recently.

Energy Minister confirms that financial institutions are interested in investing in an LNG terminal in Cyprus, provided there is a viable business plan for the exploitation of the island's offshore natural gas resources.

Cyprus' bailout programme is on track, says the Finance Minister, as the government agrees with lenders on the foreclosures bill whose approval is a pre-condition for the release of the next tranche of financial assistance.

Cyprus is one of just five EU countries which has fully transposed the European Commissions new Energy Efficiency Directive.

The Shacolas Group said it is planning to invest some €60 million in new and existing projects in the next two years or so.