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.

Cyprus has the eleventh highest gender pay gap among 27 member states, with women paid 16.4% less than men for doing the same job, while it is gradually closing the gap with a 3.1% drop between 2008 and 2011.

A business forum in Prague jointly organised by the Cyprus Chamber of Commerce and Industry and the Ministry of Energy, Commerce, Industry, and Tourism are promoting Cyprus as a services centre.

Cyprus and Russia recently signed an economic cooperation protocol in Moscow at the end of the meeting of the Seventh Cyprus-Russia Intergovernmental Committee for Economic Cooperation.

Purchase prices and rents for residential and commercial properties across the island continue to drop, according to the latest index from the Royal Institute of Chartered Surveyors (RICS).