Foreign investors are willing to stay and invest more in the Cypriot market, provided that the state provides proper incentives and maintains political and economic stability, says the head of CIPA.

The recent announcement of Cyprus-Israel Joint Research Programme of Cooperation is a very positive development and a further step towards forging closer relations between the two countries.

“Bitcoin isn’t going away,” confidently declares Danny Brewster, CEO of bitcoin marketers Neo & Bee, while seated in a swivel chair in his Nicosia office.

With an anticipated 60,000 holidaymakers from Ukraine this summer, hotels in the Famagusta district are concerned that the political situation in Ukraine will negatively affect the arrivals.

The finance ministry announces its decision abolishing restrictions on fixed term bank deposits, introduced last yearalong with other capital controls to prevent a bank run.

Ermes Department Stores Plc announces that it has sold 25.01% of its stake in food and beverage operations in Larnaca and Paphos airports to Aer Rianta International (Middle East).

Relations between Israel and Cyprus are at an unprecedented level of cooperation and have been developing fast, assures Cyprus Foreign Minister in the course of a visit with Israeli President Shimon Peres.

Expanding cooperation between Cyprus and Egypt to air transport and shipping, are discussed during a meeting between the Minister of Communications and Works and the Egyptian Ambassador in Nicosia.

Non-performing loans (NPLs) are a great challenge facing the Cyprus Cooperative Credit Institutions, Chairman of the Cooperative Central Bank Nicolas Hadjiyiannis says.

The state of Cyprus’ economy is much better than original expectations, while the financial sector is stabilizing, the President of the Eurogroup tells the Committee on Economic and Monetary Affairs of the European Parliament.