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.

Around 100 participants will take part in a five-day Famagusta Ecocity Project Design Studio led by MIT to draft design proposals for turning ghost town Varosha into a reunited ecocity.

The troika of international lenders 'held a gun to the head' of Cyprus and Portugal and showed little sympathy for social measures, an MEP looking into its work has said.

The first trestles of the jetty at the under-construction oil storage terminal of VTTV at Vasiliko have been installed.

The Foreign Minister and a delegation from FIABCI-Cyprus have discussed the efforts to upgrade FIABCI-Cyprus into a Multinational Department in the Mediterranean and the Middle East of FIABCI-International.

The Department of the Registrar will operate electronically by next March, says President of the Republic Nicos Anastasiades.