Construction work for a total face-lift of Larnaca's beach front will begin this year after two major projects of the restoration of the Phinikoudes promenade and improving Athenon Avenue and Europe Square were approved for co-funding by the EU.

Cyprus recorded the highest annual increase in unemployment across Europe during November, according to EU data released recently.

Baker Tilly in Romania (Baker Tilly Klitou) celebrates its tenth anniversary with a special ceremony held at the Athenee Palace Hilton in Bucharest.

A recent parliamentary meeting revealed the inability of the state to collect unpaid fines and taxes exceeding €150 mln, tax evasion, debt ridden municipalities, overpriced medicines and the fact that the Auditor’s Office is understaffed.

There is significant interest by investors for casinos in Cyprus, says the Finance Minister adding that decisions should be expected this year, as the government is in the process of selecting consultants.

The Natural Gas Public Company (DEFA) is working round the clock to complete the dossier for a second tender for natural gas imports, assures its chairperson.

Economic recovery will not come from spectacular moves but from the backbone of the economy, small and medium enterprises (SMEs) says the Finance Minister.

Ministers have approved the sale of one of the two night flight time slots Cyprus Airways has at Heathrow airport, which could provide a boost for the ailing carrier.

The Federation of Associations of Building Contractors Cyprus (OSEOK) has issued a desperate plea for support to the President, saying local contactors were 'pinning their last hopes' on his intervention.

Consumer and company deposits rose in Cypriot banks in November, the first increase in 17 months on the island where big account holders in the two largest lenders were forced to take a hit as part of an international bailout in 2013.