Cyprus has the largest number of five star hotels in proportion to its population in Europe and this allows it to attract all types of tourism,the chairman of the Cyprus Tourism Organisation said recently.

Chinese COSCO isamong companies which will be invited to submit details of their plans for taking up sections of Limassol port commercial operations, the state radio reported recently.

Laiki Capital Public Co Ltd has changed its name to LCP Holdings and Investments Public Ltd, the company said in a statement on the Cyprus Stock Exchange.

Bank of Cyprus has introduced an innovative new facility - QuickPay Service - for quick, secure and easy payments from your mobile device.

The results of a study concerning the transportation of natural gas from Cyprus’ Aphrodite field to Egypt are expected to be ready soon, according to Energy Minister Giorgos Lakkotrypis.

After its ratification by all EU member states, the EU-Ukraine Association Agreement will constitute a solid base for comprehensive reforms in Ukraine.

Cyprus and Iran sign an agreement in Nicosia on the avoidance of double taxation and fiscal evasion with respect to taxes on income.

Russian and British and local investors will battle for Legacy Laiki assets, sources within the bank’s administration have told the press.

Part of the new insolvency framework, ‘Personal repayment schemes and debt relief order’, which enables up to €25,000 in debt relief in some cases, has come into effect.

• UK fraud coming to Court soars to £385m in the first half of 2015, an increase of 22% • Explosion in family fraud as Britain’s elderly preyed on by younger relatives • Fraudulent middlemen line their pockets duping unwary buyers