EU governments must continue to invest in education and training, says EU Education Commissioner during the launch of ‘Erasmus+’, the EU’s new funding programme for education training, youth and sport, in Nicosia.

The Airtravel Aviation Academy announces the launch of its operations, providing specialised professional training in the fields of tourism and air transport.

Bank of Cyprus (BoC) shares are unlikely to return to the stock market before the end of the year, it emerged recently, following a meeting between the stricken lender’s brass and the securities and exchange commission (CySEC).

The Finance Minister has admitted that the problems of the Cypriot public finances and the banking system, were a result of the government's own shortcomings and failures to act in a timely manner.

Professional services firm PricewaterhouseCoopers (PwC) has been appointed to an advisory role over the creation of a singular tax policy for property in Cyprus, says the government.

A MoU was signed between Larnaca and Cairo, which Cypriot Minister of Communications and Works said would "mark the beginning of a new era in the cooperation of our two countries."

Cyprus's economy probably shrank 5.5% last year, less than previously forecast, thanks to resilience in private consumption and the contribution from tourism, the finance ministry says.

The Natural Gas Public Company DEFA will be inviting expressions of interest for the import of natural gas for power generation purposes.

Shacolas Group subsidiary, Ermes Department Stores Plc, announces that it has sold its 25.01% stake in the airports catering company Cyprus Airports (F&B) Ltd., to its operating partner Air Rianta International (Middle East) WLL.

Cyprus aims to attract a rising number of investment firms and companies providing fiduciary services, as universal regulation means all companies will fall under the scrutiny of the Cyprus Securities and Exchange Commission (CySEC).