Bank of Cyprus Public Group Chief Executive Officer, John Hourican, is stepping down at the end of August 2015, having completed nearly two years at the helm of the struggling-to-recover bank.

Petrolina expects to have moved all of its fuel storage facilities from Larnaca to Vasilikos within the next three to four years, in line with government policy.

Annual inflation was -1,4% in March 2015 in Cyprus, down from -0,8% in February 2015, according to Eurostat, the statistical office of the European Union.

Qatar Airways is to increase the frequency of weekly flights to ten of its most popular destinations throughout the Middle East and Europe, including Cyprus.

After weeks of heated debates, parliament recently approved the insolvency framework, paving the way for resumption of the island’s bailout adjustment programme.

HE Hussain Ahmad Al-Homaid, Qatari ambassador to Cyprus, speaks to former Cyprus ambassador Dr Andrestinos Papadopoulos.

Larnaca will welcome an additional six new hotels in the summer of 2015, in the hope of gaining more tourists to the town.

The software necessary for running the Cyprus National Health Service (NHS) plan could be ready in 2016, or at least a part of it.

The Support Group for Cyprus (SGCY), which coordinates technical assistance requested by Nicosia to help it implement specific reforms set out in its economic adjustment programme and develop new sources of economic growth, lays emphasis on taxation, insolvency and energy.

The Cyprus Stock Exchange (CSE) and GXG Markets (GXG) have struck a deal to promote dual and parallel listings on the GXG Main Quote Market and the ECM Market of the CSE, an agreement that is expected to boost liquidity for Cyprus bourse following the banking fallout in 2013 and the Troika bailout.