The trade deficit in Cyprus saw a big decrease in the first nine months of 2013, down by €900 mlm in relation to the corresponding period of 2012, according to recent data released by Eurostat.

Although 'strict and painful' the financial adjustment programme is the country’s only choice to exit the crisis, says the Central Bank of Cyprus (CBC) in its six-monthly economic bulletin.

The Association of Laiki Bank depositors meet with President Anastasiades, presenting him with a proposal regarding monetary compensation from future natural gas exploitation.

Natural gas reserves in the Exclusive Economic Zone (EEZ) and the prospect of the island evolving into a regional energy centre with a LNG plant, would prove beneficial for Cyprus shipping, says President Anastasiades.

Oil reserves have been found below the gas deposits in Block 12 of Cyprus' Exclusive Economic Zone (EEZ) based on Noble Energy's latest findings.

In this year’s The Best Countries for Business survey by Forbes, Cyprus has topped the rankings coming first in the 'personal freedoms' category.

Chrysalis Leap is Cyprus' first and only business accelerator, which has just completed its first comprising round of nurturing clean technology startups, pitching innovative business ideas to investors as part of the recent Demo Day.

The global financial crisis continues to ripple its devastating after-effects, while regional economies, such as the European Union, scramble to find convincing answers to impossible questions.

Major tour operators mainly from Russia have shown strong interest in extending their tourism programme to Cyprus, says the Cyprus Hotel Association ( CHA) chairman.

Christoforos Pissarides, Nobel laureate economist and head of the National Economy Council of Cyprus says the instability in the eurozone means the single currency should either be rescued through growth or be dismantled.