Senior bankers are calling for swift reform of the legal framework on repossessions in order to assist commercial banks to pressure borrowers into repaying their loans.

Cyprus needs to complete three prior actions before the disbursement of the fifth tranche of bailout cash, say international lenders.

Seizing on concerns about the impact of a possible halt in Russian gas through Ukraine, Cyprus’s leadership are promoting the island nation’s energy potential from Nicosia to Berlin.

Cabinet recently extended for three and a half months the tender period for the 'Design-Build-Finance-Operate' (DBFO) method of development for Larnaca’s port and marina.

A survey conducted by RAI Consultants in March 2014 for the purpose of evaluating the card payment providers that operate in Cyprus, shows that IMSP customers maintain a very high satisfaction rating both for services as well as transaction speed, claiming this is because of IMSP’s state of the art secure payment technology.

MeritKapital announces its new engagement with DBS Hong Kong, a leading financial services group in Asia with over 250 branches across 15 markets.

A €5 million incentive scheme to boost the hiring of the long-term unemployed was unveiled by the Council of Ministers recently.

Tourism enterprises and hoteliers are trying to boost arrivals by 3% to 5% in 2014, despite a slight slowdown in April and May of this year due to the trouble between Russia and Ukraine.

The European Bank for Reconstruction and Development (EBRD) has agreed to finance Cyprus for a limited period to help the island overcome is economic problems, it was announced recently.

Credit card payments made by Cypriots in the local market increased by 12% in April 2014, compared to a year earlier, and reached €168,5 million.