The European Investment Bank (EIB) has authorised a new €50m credit line for small and medium-sized enterprises via a deal concluded with the Cooperative Central Bank.

The Government of the Republic of Cyprus aims at licensing part of the commercial operations of the Limassol Port, as part of its privatisation programme under its EU bailout agreement.

Cyprus Finance Ministry says the country's fiscal deficit is expected to rise to 5.8% of GDP in 2014 compared to 5.4% the year before.

Dealing with the high level of bad loans is a priority for Cyprus as it moves to restore financial sector stability, says the European Commission.

Central Government accounts show an improvement which is mainly due to a significant reduction in public spending.

Open Box Communication is proud to announce a recently acquired global certification on the ground-breaking Business Model Generation framework by Alex Osterwalder.

Cyprus is carrying out the necessary reforms of its economy with commitment, says EU Commissioner Olli Rehn, as a group set up to provide the island with technical assistance publishes it first report.

Larnaca municipality fully supports the government’s decision to give Zenon Consortium a 45 day extension to conclude a deal that will bankroll the Larnaca port and marina project, according to a recent statement.

President Nicos Anstasiades appoints Christoforos Fokaides as new Defence Minister.

Radius Oceanic Communications, Inc., and Cyta announce testing and commissioning are complete on the Poseidon submarine cable system, a fiber optic network built to serve the oil and gas and scientific markets in the East Med.