The amount of €241 million, contractually due to be paid by China Glory International Investment Group (CGIG), for the purchase of the Venus Rock Golf Resort in Ha Potami, has yet to be received, Cyprus construction giant Aristo Developers Ltd said.

A number of changes to the social insurance law come into effect as of 2013 to fulfill Cyprus’ obligations deriving from the Memorandum of Understanding, says Director of the Social Insurance Services.

The year 2012 observed an increase in the use of information technologies in enterprises and households in Cyprus as well as by individuals according to recent findings published by the Cyprus Statistical Service.

Cyprus' deficit fell by €147.81 million at the end of November, down to 3.63% of Gross Domestic Product (GDP), from 4.16% in the corresponding period of 2012, based on recent data released by the Ministry of Finance.

The economic sentiment index improved by 0.9 points from the previous month in December due mainly to an improvement in the business climate within the retail trade, the manufacturing and construction sectors, as well as among consumers.

The 633 former Bank of Cyprus (BoC) employees who accepted voluntary redundancy in August gather outside the bank’s headquarters to protest against the failure to release their provident fund compensation.

President Anastasiades meets coalition partners to try and tackle the thorny issue of appointments to the new boards of the semi-government organisations (SGOs), which he has pledged to shake up by ending the nepotism.

This November the total sales of petroleum products decreased by 18.6% compared to the previous month.

The VAT Service announces that value added tax will increase to 19% from 18% from January 13, 2014 onwards.

Paphos, as the European culture capital for 2017 will leave behind a successful work, Artistic Director Marios Elia says.