Only two contenders are left in the bid for a casino license in Cyprus, with several big names having quit the competition for various reasons.

The offer of passports, a recovering economy and a business community that is ready to sell at the right price are all combining to attract Chinese investors to Cyprus.

Finance Minister Harris Georgiades has voiced his disagreement over the creation of a state-owned asset management company (AMC), or bad bank, to handle distressed loans, as this would probably entail capital shortfalls for the banks due to EU state aid rules.

The first long-awaited upgrade of the Cyprus economy by the rating agencies for autumn 2016 has arrived, with the recent upgrade from Standard & Poor’s (S&P) by one notch (from BB- to BB).

For the third year in a row, Aphrodite Hills Holiday Residences has been awarded the 'World Travel Award 2016' for 'Cyprus Leading Hotel Residences'.

The Cyprus Investment Promotion Agency (CIPA) participated in the Cyprus Economic & Investment Summit that took place in New York recently.

Cyprus’ state-owned Natural Gas Public Company (DEFA) announced a tender for the provision of consultancy services for the supply of liquefied natural gas.

The unemployment rate fell to 12.1% of the labour force during Q2 2016, compared to 14.1% in the previous quarter, and 14.6% in the same period last year, according to the latest data released in the Labour Force Survey.

U.S. energy giant ExxonMobil may have shown interest in engaging in oil exploration in Cyprus as far back as January 2000, long before Cyprus had agreed with Egypt the boundaries of their exclusive economic zones (EEZ), it emerged recently.

The country’s trade deficit grew 43% to reach €2.2 billion during the period January-June 2016, up from €1.54 billion during the same period in 2015, according to data from the Statistical Service.