The Cyprus Parliament approved on Friday regulations that allow the government to extend the licenses of companies exploring hydrocarbons inside the island’s exclusive economic zone under certain conditions.

Cyprus MPs approving amendments to the legal framework on foreclosures will lengthen an already slow process making it more difficult for banks to claw back debt, argues Moody’s.

The Cyprus Stock Exchange (CSE) is deeply “dissatisfied and disappointed” with the approach taken by the Energy Ministry which rejected its bid to act as the country’s electricity market operator.

Two and a half years after undertaking the operations of Limassol port and the new cruise terminal, DP World has upgraded infrastructure and equipment.

Cyprus-based Woodbrook Group Holdings Ltd, one of Europe's largest international firms of financial consultants, recently confirmed it has established its first base in the Middle East with the acquisition of Mondial (Dubai) LLC.

The "Everyday Flexibility" framework gives people the opportunity to better manage their time

In the leading Appellate case, Attorney General of The Republic of Kenya -v- Bank Fur Arbeit & Wirtschaft AG (1999), the Supreme Court of Cyprus held inter alia, that Cypriot Courts do have inherent jurisdiction to stay or suspend the enforcement proceedings of an arbitral award, provided that there are strong grounds for granting such stay, in order to prevent injustice.

In June 2019 Cyprus registered the EU’s second lowest annual inflation rate of 0.3% behind Greece with 0.2%, compared to a year earlier when the rate was 1.7%, according to Eurostat.

Tourist arrivals fell to 509,662 in June 2019 compared with 511,073 in the same month of 2018, a decrease of 0.3%, according to the passengers survey published recently by the statistical service.

Cyprus’ economy is in a position to weather worsening international macroeconomics and the shrinking of the tourist flow to the island as predictions over the country’s GDP growth remain high.