Legislation to grant a 25% discount on taxable income for labour costs to employers who hire registered unemployed was recently discussed at the House Finance Committee.

Russia’s giant Alfa Banking Group is very close to buying Bank of Cyprus’ shareholding in Ukrainian subsidiary PJSC at the price of €225 million.

State carrier Cyprus Airways has won a distinction by the Ben Gurion Airport in Israel for the accuracy as regards its departure times in 2013.

Real GDP growth for the whole of 2014 is projected at -5.4%, an improvement over the -8% rate anticipated earlier, according to the Economics Research Centre of the University of Cyprus.

President Anastasiades returned from his three-day official visit to Qatar where several bilateral agreements were signed and investment prospects discussed, describing it as a "productive visit".

Making homes energy efficient could boost the economy by up to €2 billion and create 30,000 new jobs, the Technical Chamber (ETEK) argued recently while proposing the creation of a loan fund to shoulder the projected expenses.

The securities and exchange commission (CySEC) decides to extend the suspension of Bank of Cyprus (BoC) shares for a further six months until the end of July.

An Egyptian company has expressed an interest in obtaining a stake in developing the Larnaca marina, a move that could breathe new life into the stalled project.

Total expenditure on health services reached 7,3% of GDP in 2011 recording an increase of 0,2% in comparison to 2010, according to new data released by the Statistical Service.

The Bank of Cyprus (BoC) plans to release within the month some €900m held in fixed-term deposits that were frozen following the lender’s recapitalisation last year.