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.

Economically-strained Aristo Developers are still waiting for much-needed Chinese money invested in their Venus Rock golf resort project in Ha Potami, Paphos.

Bank of Cyprus is setting up a special unit responsible for selling off property and managing assets acquired from clients unable to pay back their loans.

Commerce and Industry Minister Georgios Lakkotrypis has promised radical changes to the Registrar of Companies and Official Receiver Department.