New retail FX brokerage FxGrow establishes in Cyprus, taking A-book liquidity from CFH Clearing.

It's wedding season in Cyprus, and couples from the Middle East are jetting in, drawn not by the island's clerics and consecrated buildings, but rather the opportunity to marry without them as Cyprus has become the civil wedding destination for Middle Eastern couples.

The Cyprus tourism industry has performed well over the past three years, with its recovery running in parallel to that of western economies and the opening up of the Russian market.

The former boss of RBS investment banking arm and now CEO of Bank of Cyprus is eyeing a London listing for the Cypriot lender he hauled back from the brink of collapse.

The accelerated deployment of renewable energy sources (RES), in conjunction with tourism activities, can play a pivotal role in overcoming our country’s current economic troubles, President Anastasiades said recently at the IRENA conference.

The consolidated accounts of the central government recorded a surplus in April 2014, covering thus the 0.12% GDP deficit last March, that corresponds to €18.95 billion.

The Paphos Regional Board of Tourism sad that the region and Cyprus in general will get a major boost from Ryanair’s resumption of direct flights to Rome as of October 2014.

Four banks in Cyprus, namely the Bank of Cyprus, the Hellenic Bank, the Co-ops and the RCB Bank, will be directly supervised by the European Central Bank as of November 2014.

After seven quarters of losses and a severe restructuring plan imposed as part of a national bailout, the island’s biggest lender Bank of Cyprus has turned a profit of €31 million after tax for the first quarter of 2014.

The government has lifted all restrictions in domestic banking, with the final hindrance of opening local accounts now removed, due to a satisfactory rate of local liquidity and a reduced risk of capital flight.