The Finance Minister assures that substantial relaxations to capital controls could be expected in the near future, as the island surpasses the targets set in the bailout adjustment programme and its banking sector stabilises.

After an 18-month-break, Cyprus peace talks resume, in a fresh attempt to reunify the island, with both sides agreeing to instruct their negotiators to hold their first meeting this week.

As Cyprus peace talks resume, Turkey says it will refuse to recognize any gas deals that would involve the Greek side of Cyprus.

Viber, the instant messaging app run from Cyprus by an Israeli entrepreneur will not be sold to an Asian firm for $300 million-$400 million.

Drastic changes are needed to retain current tourism markets and tap into new emerging markets like China and Iraq, says the president of the Limassol Tourism Board Tony Antoniou.

Gross fixed capital investments were up in 2011 by 13.9% compared to the previous year, according to new data released by the Statistical Service.

The Central Bank of Cyprus has issued its second warning in two months over risks related to virtual currencies, saying that the Bitcoin is not a legal tender.

The talks between the government and the Troika on the updated text of the Memorandum in the context of the third review of the Cyprus program have been concluded.

PrimeTel successfully manages to secure the license for a 3rd Mobile Network in Cyprus and evolves from Mobile Virtual Network Operator (MVNO) to Mobile Network Operator (MNO).

Ocean Rig UDW Inc. the Cyprus-headquartered global provider of offshore deepwater drilling services, announces entry into Amendment and Restatement of $1.9 Billion Term Loan Facility.