Bank of Cyprus (BoC) top brass appeared optimistic about the lender’s future, although non-performing loans are a key challenge that has to be addressed before confidence in the sector will be restored.

International lenders have begun a second inspection visit to Cyprus to assess progress in economic restructuring outlined in a €10 billion aid plan brokered in March to avert the island’s financial collapse.

The scope for further economic cooperation is enormous, says newly appointed President of the Cyprus China Business Association Panicos Kaouris.

Government to issue international invitation for expressions of interest to develop site.

German Chancellor Angela Merkel says Berlin positively views a Cypriot proposal for greater involvement of the EU in a new peace drive on the island.

Linking research based development and research based education to industry needs is to be at the core of a new economic model for Cyprus according to Finance Minister Harris Georgiades.

The board of the Bank of Cyprus (BoC) announced the appointment of John Patrick Hourican as the bank’s new CEO.

MIT researchers have warned Cyprus to think carefully before investing a substantial amount of money in a rather unpredictable resource like natural gas, noting the “large amount of uncertainty” surrounding the rapidly changing global gas market.

The two negotiators in the peace talks have agreed to visit the capitals of Greece and Turkey for talks by the end of this month, Turkish Cypriot negotiator Osman Ertug said.

Tourist arrivals rose 6.7% year-on-year in September, the statistical service has announced, as total arrivals in the first nine months were down by around 3.0%.