The government is looking into legalising hemp cultivation, with plans by the Agriculture Ministry to subsidise hemp farmers so that the byproduct could be used in various industries.

After meeting British PM David Cameron, President Anastasiades hailed the 'historic development' with regard to enabling property development within the non-military areas of the British Sovereign Base Areas (SBA).

The building of two marinas in the coastal towns of Ayia Napa and Protaras is expected to go ahead in the first half of 2014, pending cabinet approval.

Sustainable tourism has an important role to play in putting an end to seasonality and attracting year-round tourists, says President of the Cyprus Special Interests and Cultural Tourism Association.

A Cyprus Airways deal with Qatar Air for the sale of the cash-strapped national carrier’s time slot at London’s Heathrow airport for €15 million has fallen through, informed sources said recently.

Regulators in Cyprus are investigating transactions made by now-defunct Laiki Bank and arranged by Germany’s Commerzbank. The probe comes after a local lawmaker said the deals might have broken laws that bar a company from purchasing its own stock.

An injection of €27m is urgently needed to implement necessary infrastructure in Paphos as part of the town’s cultural capital 2017 winning bid, claims the municipality.

A hefty fine to the tune of €11,000 per day may be imposed on Cyprus by the EU, should the House fail to enact legislation harmonising Cyprus with the directive on renewable energy.

The European Central Bank (ECB) has pointed the finger at the Central Bank of Cyprus (CBC) as being solely responsible for the provision of excessive funds from the Emergency Liquidity Assistance (ELA) mechanism to the now-defunct Laiki Bank.

Cyprus University of Technology has been awarded the DS Label (Diploma Supplement Label) by the European Commission.