The EU will allocate €80 bln for research and innovation in the period 2014-2020, through the program 'Horizon 2020'.

Promoting awareness on green growth and making the most of available EU funds to that effect were the focus of a recent meeting between the Environment Commissioner and Cyprus Chamber of Commerce and Industry (CCCI).

Limassol-based leading Binary Options platform providers, SpotOption Ltd., introduces a new feature, SpotFollow, which allows traders to follow top traders' positions.

Cyprus-based Midgulf International Ltd has won a tender to supply 50,000 tonnes of wheat to Bangladesh after submitting the lowest offer at approx. €229 a tonne, an official at the state grains purchasing agency says.

Amendments to the election law allowing Turkish Cypriot holders of divided Cyprus' identity cards to automatically register in the lists for May's Euro elections are almost ready for Cabinet approval.

Cyprus Airways (CY) confirmed that it is in the final stage of a deal with Qatar Airways for the sale of the national carrier’s time slot at London’s Heathrow airport for €14.7 million.

Cyprus inflation for December 2013 decreased at a rate of -1.3%, and -0.8% for November 2013, while the rate increased by 1.5% for December 2012, announced the Statistical Service.

As of this month, the VAT standard rate in Cyprus will increase by 1% to 19%, as part of a series of obligations included in the €10 billion bailout the island agreed with its international lenders.

A delegation of a European Parliament (EP) Committee on Finance arrives in Cyprus as part of a probe into the democratic legitimacy of international lenders, the Troika (EC, ECB, IMF).

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.