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.

PROFILE Software, a leading financial solutions provider with offices in Nicosia, announced that it has been recognized with the 'Business Innovation' award in 2013 'Money' Magazine, readers’ choice rankings.

A Cypriot physicist is awarded one of the coveted Humboldt Research Awards conferred by the Alexander von Humboldt Foundation.

The cabinet decides to enter the digital era by scrapping handwritten procedures and utilising an online application that will achieve considerable savings.

The European Commission decides to refer Cyprus to the ECJ for failing to adopt EU laws on minimum oil reserves – the same day the energy ministry tabled the relevant bill before parliament, a year late.

Overstaffed and overburdened with mounting debt, the Cyprus State Fair Authority (CSFA) looks set to close its doors after years of mismanagement, says its chairman Othon Theodoulou.

Cyprus still has a window to materialise plans for a land-based liquefied natural gas (LNG) plant, after an energy major identified the island as a possible destination for gas exports from Israel’s massive Leviathan field.

Tourist arrivals in January dropped by 3.8%, compared to the corresponding month in 2013.

The number of building permits in 2013 recorded a significant drop by 25% compared to 2012, according to recent data released by the Statistical Services.