The Finance Minister in his 2014 budget speech said Cyprus had avoided economic collapse, but that living standards would continue to fall for another three years.

In the period of 2010-2012 the GDP per capita expressed, in purchasing power standards (PPS) and the actual individual consumption (AIC) per capita has decreased in Cyprus.

The Cypriot economy is notexpected to return to growth before 2017, according to a winter Eurozone Forecast put together by professional services firm Ernst and Young.

Cyprus and Egypt recently signed a unitisation agreement on the joint exploitation of hydrocarbon reserves, on the bordering line between the two countries’ respective exclusive economic zones (EEZ).

Russia will not be placing Cyprus on a blacklist of non-cooperative tax havens after the two governments cleared up the matter, says the chief of the Cyprus Investment Promotion Agency (CIPA).

Cyprus and India hold a series of consultations on issues concerning exchange of information and taxation.

Roughly nine out of ten of households or 86% of those surveyed say that their income has been reduced in 2013, according to a poll conducted by the Cyprus Consumer Association and Quality of Life.

President Nicos Anastasiades announces a raft of measures worth €340m to rein in unemployment and support businesses during the time of economic crisis.

British Cypriot entrepreneurs and professionals set up the ‘UK Cyprus Enterprise Council’ in London, to promote bilateral trade between Cyprus and the UK.

Hotel prices in Cyprus have dropped on average by €3 compared to December 2012 according to online hotel meta-search engine Trivago.