The European Investment Bank (EIB) approved two loan schemes for Cyprus totalling €170 million, strengthening government support to small and medium sized enterprises (SMEs) while boosting private sector growth and competitiveness.

Cyprus credit card transactions in August 2019 increased 6% to €422 million, reflecting steady consumer confidence while tax and other online payments to the state played a significant part in the upswing.

Astrobank has come to an agreement in principle for the acquisition of the National Bank of Greece (Cyprus) after months of negotiations in Athens and Cyprus.

Stella Kyriakides, Cyprus’ new EU Commissioner will lead the Health portfolio, it was officially announced on Tuesday.

The Cyprus Computer Society (CCS) is pleased to announce that for the first time all members of the Cyprus Student Mission have won awards in an international IT competition.

The value of Cyprus building permits issued in the first half of 2019 reached €1.7b, more than double the amount for the same period in 2018.

Pilot projects on using wave power and micro algae to produce biofuel and electricity were presented recently to underline how blue energy can contribute to sustainable power production.

The European Commission is set to release €7.9 million for Cyprus' rural development programme.

The Limassol-based Eu-kinisi public transport project, which provides a state-of-the-art transport electronic screen information system for the city’s buses, lays the foundations for similar services islandwide, Transport Minister Vassiliki Anastassiadou said on Monday.

Cyprus is considering updating its tonnage tax system and its pricing policy for the registration of ships as part of targeted measures to enhance the competitiveness of the shipping industry.