The government of India is hoping for a ‘friendly resolution’ of the snag that has come up in regard to its double taxation agreement (DTA) with Cyprus, says the country’s new ambassador to Nicosia.

Cyprus hopes to start receiving investment from the European Bank for Reconstruction and Development (EBRD), the bank says.

Reforming the agricultural economy, developing a greener economy, promoting sustainable growth in the maritime sector and the better management of water resources are on the agenda of discussion at the Agriculture Ministry.

Interest rates for business loans of up to a million euros rose at the end of last year after a fall last August, recent data from the Central Bank showed.

Tourism to Cyprus will be better this year than last, hoteliers say based on the planning of overseas tour operators.

The Co-operative Central Bank (CCB) expects the number of non-performing loans (NPLs) to start falling in two years’ time, its head told the visiting troika delegation.

Trade across the Green Line marked a significant downward trend, according to data from the T/C Chamber of Commerce.

The Republic of Cyprus will continue to exercise its sovereign rights which derive from the Law of Sea and Ankara’s provocative stance will not put a hold on plans in Cyprus’ exclusive economic zone (EEZ), says the government.

The Finance Minister says that Corporate Social Responsibility (CSR) becomes imperative in times of economic crisis and calls for the basic elements of CSR to be integrated into the strategic planning of businesses.

The European Commission in cooperation with the UN Development Program has signed an agreement for an additional financial support of €2,6 million for the Committee on Missing Persons in Cyprus (CMP).