Cyprus has an extensive network of almost 50 Double Tax Treaties and has now successfully concluded a treaty with Spain.

Governor of the Central Bank of Cyprus Panicos Demetriades is reported to be in London for meetings with people who could be interested in investing in Cyprus’ banking sector.

Ruling party DISY says statements made by a European Central Bank policymaker not ruling out a haircut of bigger depositors in Cypriot banks, only served to undermine the credibility of the eurozone.

New President Nicos Anastasiades has announced his ‘Dream Team’ cabinet, comprising technocrats, politicians and academics who will deal with a multi-billion rescue from international lenders.

Nicos Anastasiades has won Cyprus' presidential runoff vote, winning 57.48% of the vote, one of the highest in the Republic’s history.

French energy giant Total is expected to start drilling for natural gas exploration in the eastern Mediterranean near the Cyprus coast some time in 2014.

International Monetary Fund chief Christine Lagarde said the solution to Cyprus’ economic woes must be comprehensive, without however offering any details on how it would be achieved.

Cyprus is among the EU member states with the best performance in transposing EU rules into national law on time, according to the European Commission`s Internal Market Scoreboard.

President of the European Central Bank (ECB) Mario Draghi has said that it is important that an adjustment program with Cyprus be agreed, after the presidential elections on the island, the second round of which will take place this coming Sunday.

The Central Bank will reportedly seek international lenders’ approval to officially inform banks about their recapitalisation needs, thus enabling the banks to accurately inform investors of their financial results for 2012.