Co-ops will in May 2014 be announcing a number of initiatives to help vulnerable borrowers, Co-operative Central Bank chief Nicolas Hadjiyiannis said recently.

A preliminary agreement has been reached for a detailed study into the role of the Larnaca port, the town’s mayor said following a meeting with the Communications Minister.

Cyprus and the United Arab Emirates (UAE) have signed a bilateral agreement for cooperation in the air travel services sector and Memoranda of Understanding (MoUs) on energy, tourism, education and science.

The annual inflation in Cyprus marked an increase in March 2014, remaining however negative, according to data released recently by Eurostat.

A floating boat anchorage will be transferred to the harbour of Kato Paphos where it will be placed permanently, to be used for the needs of cruise ships coming to Paphos.

From this summer, all Cypriot hotels registered and approved by the Cyprus Tourism Organisation must comply to its sustainability program, which will benefit tourists and not only environmentalists.

Cyprus’ trade deficit reached €300 million in January 2014, remaining unchanged compared to the same month of 2013.



Timetables set out with regard to plans for the exploitation of hydrocarbon reserves are still in effect, assures Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis.

Some 280 employees in the co-operative sector have opted to take an early retirement scheme, a figure that is close to the target set initially.

The Bank of Cyprus (BoC) has cut the interest rates to the loans of 4,200 people belonging to vulnerable groups by up to 1.0%, says its chairman.