Viber, the instant messaging app run from Cyprus by an Israeli entrepreneur will not be sold to an Asian firm for $300 million-$400 million.

Drastic changes are needed to retain current tourism markets and tap into new emerging markets like China and Iraq, says the president of the Limassol Tourism Board Tony Antoniou.

Gross fixed capital investments were up in 2011 by 13.9% compared to the previous year, according to new data released by the Statistical Service.

The Central Bank of Cyprus has issued its second warning in two months over risks related to virtual currencies, saying that the Bitcoin is not a legal tender.

The talks between the government and the Troika on the updated text of the Memorandum in the context of the third review of the Cyprus program have been concluded.

PrimeTel successfully manages to secure the license for a 3rd Mobile Network in Cyprus and evolves from Mobile Virtual Network Operator (MVNO) to Mobile Network Operator (MNO).

Ocean Rig UDW Inc. the Cyprus-headquartered global provider of offshore deepwater drilling services, announces entry into Amendment and Restatement of $1.9 Billion Term Loan Facility.

The Medical Services Promotion Agency urges the Cyprus government to help and finance medical tourism, as it will bring economic benefits and without help the country will miss out on the sector.

The first in a series of 2014 presentations shedding light on start-up companies was recently given byprofessionals to an audience of possible investors and members of the CYBAN group, a unique non-profit Business Angels network in Cyprus.

Cyprus plans to lease some of the island's Port Authority commercial activities, reveals Cyprus Minister of Communications and Works Tasos Mitsopoulos.