The outflow of deposits continued in September by €924 million with total deposits reaching €47,465 billion, according to Central Bank of Cyprus data.

The government has issued its 22nd decree, gradually lifting credit controls imposed to prevent a run on local banks and abolishing some measures that have hampered business transactions on the island.

Bank of Cyprus top brass are optimistic about the lender’s future, but non-performing loans are a key challenge to tackle to restore confidence.

A lab at the University of Cyprus (UCY) has undertaken significant research in the field of embryology, which could possibly help in the treatment of cancer.

Bank of Cyprus (BoC) top brass appeared optimistic about the lender’s future, although non-performing loans are a key challenge that has to be addressed before confidence in the sector will be restored.

International lenders have begun a second inspection visit to Cyprus to assess progress in economic restructuring outlined in a €10 billion aid plan brokered in March to avert the island’s financial collapse.

The scope for further economic cooperation is enormous, says newly appointed President of the Cyprus China Business Association Panicos Kaouris.

Government to issue international invitation for expressions of interest to develop site.

German Chancellor Angela Merkel says Berlin positively views a Cypriot proposal for greater involvement of the EU in a new peace drive on the island.

Linking research based development and research based education to industry needs is to be at the core of a new economic model for Cyprus according to Finance Minister Harris Georgiades.