Cypriot authorities can prevent a contagion of the Greek crisis to Cyprus by continuing to implement the economic and financial reform programme, says economist Michalis Florentiades.

The Cyprus Stock Exchange announced that €340m worth of Government Registered Development Stock would be placed on the Cyprus Stock Exchange for trading from July 1, 2015.

The unemployment rate in Cyprus in May 2015 remained stable at 16,0%, compared to April 2015.

In an atmosphere fitting for the thriving new destination, Limassol Marinacelebrated a year of operation on the weekend of Saturday 27th and Sunday 28th of June, 2015 with live music and activities for the visitors along the promenade.

Finance Minister Harris Georgiades said the decision of the Greek government to request from international creditors a new two-year programme worth €30bn was a “politically difficult but necessary choice".

PricewaterhouseCoopers is collaborating with educational and business organisations in a bid to support and promote entrepreneurship.

The Council of Ministers has approved Dutch company Vitol as the temporary supplier of natural gas to the country, the press has learned.

In spite of the current economically challenging environment that Cyprus is experiencing, the forex sector continues to flourish, creating many employment opportunities for Cypriots and expats living in Cyprus.

Agreements have been signed and more are on the way to boost the island’s air connectivity in the wake of the demise of Cyprus Airways, Transport Minister Marios Demetriades said recently.

The government generated a fiscal deficit of €13.3m or 0.1% of economic output on a cash basis in the first five months of 2015 compared to a fiscal surplus of €57.2m or 0.33% of gross domestic product a year before, the Finance Ministry said recently.