Cyprus is reinventing its tourism sector by offering a wider range of year-round activities and showing a more sustainable approach to tourism.

This short note is dedicated to the test of residency in Cyprus for the purposes of taxation.

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The government is looking at all options in relation to the exploitation of hydrocarbon reserves in Cyprus' Exclusive Economic Zone, Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis said recently.

Cyprus Finance Minister Harris Georgiades said he believed there are prospects to lift the deadlock as regards the next installment of bailout funds at the upcoming Eurogroup meeting.

The Chief Executive Officer of the Bank of Cyprus John Patrick Hourican has said the bank is "out of the danger zone".

Cyprus unemployment fell in September 2014 to 15.1% or 65.000 people in absolute numbers, from 15.4% in August, Eurostat, the statistical office of the European Union, said recently.

Hellenic Bank will proceed with increasing its share capital by approximately €220m to cover a shortfall derived from the EU-wide ‘stress test’ of about 130 banks recently.

Central Bank Governor Chrystalla Georghadji said she did not intend to resign her post, a day after President Nicos Anastasiades launched a scathing attack against her for the alleged removal of wording in her contract pertaining to conflict of interest arising from blood relatives, and accusing her of lying about encounters she claimed to have had with him.

Bank of Cyprus (BoC) has completed the sale of a UK loan portfolio largely composed of residential and commercial real estate-backed facilities to Mars Capital Finance Limited, a mortgage lender and administrator regulated by the Financial Conduct Authority of the UK, and to Camael Mortgages Ltd.