Newly-imposed property tax is expected to be significantly less in 2014 than in 2013, mainly due to the broadening of the tax base and the reduction of the rates, according to recent reports.

The Central Bank of Cyprus recently announced that the Bank of Cyprus’ dependence on Emergency Liquidity Assistance (ELA) fell by more than €100 million during April 2014, from €9.5 to €9.4 billion.

Exploration and development activities in Cyprus’ Block 12 will not be impacted by the termination of a deal with Woodside for a stake in the Leviathan, assures Noble Energy.

Visiting US Vice President Joe Biden says Cyprus is a key partner in a challenging region, but can be an even stronger partner if the next generation can grow up without the burden of conflict.

The Cyprus Stock Exchange (CSE) recently suspended the trading of Wargaming securities after Wargaming failed to publish its financial data for the year 2013.

Following the discovery of hydrocarbons offshore Cyprus, Austrian Ambassador Dr Karl Mueller has said that the island has a great potential and future role in the energy sector in Europe.

On the occasion of World Telecommunications Day, MTN launches MTN Innovation Challenge contest, giving Cyprus developers and startups €35,000 prizes, as well as the prospect of long-term collaboration for the winner.

Engino, first launched in Cyprus, is a role model start-up that has achieved international success with EU funds.

According to recent Eurostat figures, the cost of electricity in Cyprus recorded the largest drop of 15% in the European Union.

Bank of Cyprus has sold loans extended to Serbian real estate company Robne Kuce Beograd to Piraeus Bank of Greece, the lender said recently.