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

CEOs continue to transform their organizations and are increasingly concerned about product relevance, customer loyalty and keeping current with new technologies, according to new KPMG CEO Outlook Study

Cyprus recorded the highest level of deflation since 1960 in July 2015, with the consumer price index decreasing for the 25th consecutive month.

A bill under the name “Lawregulating the activities of portfolio investor companies of 2015”, has been drafted by the Central Bank of Cyprus and is set for approval by the Parliament by the end of September 2015. Cyprus will need to implement this law before a €500 million bailout tranche is released.