Cyprus’ trade deficit reached €300 million in January 2014, remaining unchanged compared to the same month of 2013.



Timetables set out with regard to plans for the exploitation of hydrocarbon reserves are still in effect, assures Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis.

Some 280 employees in the co-operative sector have opted to take an early retirement scheme, a figure that is close to the target set initially.

The Bank of Cyprus (BoC) has cut the interest rates to the loans of 4,200 people belonging to vulnerable groups by up to 1.0%, says its chairman.

Cyprus is back on the UK overseas property map, as a BBC series features a programme on Paphos and is expected to broadcast a programme on Limassol shortly.

EVA Dimensions downgraded shares of Bank of Cyprus (NYSE:NBG) from a hold rating to a sell rating in a research note released recently, AnalystRatingsNetwork.com reports.

Foreign investors showed great interest in 2013 in a government scheme offering citizenship and permanent residence on the island, says the Interior Minister, adding that cash flow reached €500 million.

British Airways has dynamically welcomed the 2014 summer period, notably increasing its flight schedule from Cyprus towards two of London’s prime airports: London Heathrow and London Gatwick.

From the UAE, the President has stressed that at the heart of the government’s strategy for economic recovery, is the pursuance of Foreign Direct Investment.

Cyprus state gas company DEFA says it has received four proposals to supply natural gas to the island, an interim solution for power generation before its own reserves come online.