A second vessel, the LEF1, was sunk on Tuesday in Larnaca to create artificial reefs following the sinking of the Elpida at the weekend.

Cypriots want stronger representation at the European Commission, a Eurobarometer report revealed on Tuesday.

The US Congress is expected to approve by Thursday a bill lifting an arms embargo on Cyprus, which has been in place since 1987. The embargo will be lifted once Congress passes the National Defense Authorization Act for 2020.

Despite a 2% annual decrease in the use of plastic money in November, for the first 11 months, a 12% rise reflects stable consumer confidence.

Akel MP Irini Charalambidou is sounding a wakeup call to fellow legislators sitting on the House watchdog committee to follow up on the infamous list of non-performing loans (NPLs) held by Politically Exposed Persons – a matter that has been memory-holed since July.

Cyprus’ productivity growth has been weak and private sector indebtedness remained high, the IMF said on Tuesday, urging the government to intensify efforts to address crisis legacies, given the significant downside risks.

Management Companies and Undertakings of Collective Investments (UCIs) recorded a further increase in the third quarter of 2019, according to the quarterly bulletin issued by the Cyprus Securities and Exchange Commission (CySEC). The bulletin, which is already posted on CySEC’s website, provides the key findings regarding the Collective Investment Schemes Sector in Cyprus.

Cyprus Securities and Exchange Commission (CySEC) has imposed fines of a value of €7.5 million in 2018, its Chairwoman Demetra Kalogerou told Cyprus President Nicos Anastasiades on Monday, who noted that having strict checks in place safeguards the state’s credibility.

After a seven-year delay, a bill promoting social enterprises in Cyprus will be approved in parliament in early 2020.

The Cypriot economy grew by 3.4 per cent in the third quarter of this year on an annual basis, data released by the Cyprus Statistical Service on Monday showed.