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.

An agreement between Cyprus and China on cultural cooperation and exchange programs for the period between 2014-2018 was signed during an official visit paid to China by the Minister of Education and Culture.

Unemployment among the labour force stood at 16.2% in Cyprus for the third quarter of 2013, up by 0.7% in relation to the corresponding quarter of 2012, data released recently by the Cyprus Statistical Service show.

The energy regulator, CERA, has decided to raise a temporary reduction on the basic tariffs of electricity from 5.0% to 8.0%, at the same time extending it for a further two months.

Almost everyone surveyed in the latest Eurobarometer report on Cyprus believes the economy is in ‘bad’ or ‘very bad’ shape but there was that 3.0% who thought it was ‘good’ or ‘very good’.

An ‘emergency’ meeting was convened recently in Nicosia to discuss the roll-out of a planned second tender for interim gas supplies.