Cyprus needs to diversify its economy and is working to attract foreign direct investment from a wider range of sectors, the head of the Cyprus Investment Promotion Agency, Charis Papacharalambous told the press in an interview.

Leptos Group of Cyprus enlarged its global network with the addition of one more office – a new branch in the United Arab Emirates.

The Cyprus Chamber of Commerce and Industry is expecting the Greek government to announce a revision of a punitive tax imposed on imports from countries with a corporate tax rate below 13%, a CCCI official said recently.

The first luxury villas at Limassol Marina have been delivered to their owners.

Cyprus is expecting a significant increase in the number of visitors from the UK and Germany in 2015, according to predictions from the Association of Cyprus Travel Agents (ACTA).

Nicos Anastasiades is expected to visit Israel soon after Prime Minister Benyamin concludes his ‘unity government’, Government Spokesman Nicos Christodoulides said, after the President met with outgoing Foreign Minister Avigdor Lieberman.

New Legacy Laiki administrator Chris Pavlou intends to move fast on the sales of assets of 'Legacy Laiki' – the assets that remained with Laiki bank after loans and deposits net of haircuts were transferred to Bank of Cyprus (BoC) in 2013.

The time has come for the Cypriot banks to offload their bad loans and start dealing with core banking business of taking deposits and lending, Hellenic Bank Chairwoman Irena Georgiadou told the press recently.

Cyprus should return to its traditional markets of Germany and the United Kingdom, without ignoring new arrivals from Russia in recent years and the rise in the number of new tourists from other ‘emerging’ markets, the island’s tourism board chairman Angelos Loizou said recently.

Offshore driller Noble Corporation (also active in Cyprus' waters)has signed up three of its rigs for work in the Middle East, inking a pair of contract extensions and a fresh deal for a previously idle unit worth $179 mln.