Cyprus and Russia recently initialled the protocol of the 8th meeting of their Intergovernmental Committee for Economic Cooperation.

Cyprus and Egypt recently signed a Memorandum of Understanding (MoU) on cooperation in the field of oil and gas.

The Central Bank of Cyprus has announced a reduction of its maximum deposit rate for commercial banks by 1%, in hopes that this will encourage them to lower their own interest rates.

A practical guide to tax residency.

The government-MPs feud over the delay in the implementation of the foreclosures legislation was renewed, with President Anastasiades referring the law back to parliament for a second time, asking the House not to reverse his decision again.

The Cyprus Tourism Organisation (CTO) said recently that bookings from the UK were 10-15% up for the summer period of 2015 compared to the same time last year.

The EU Representation in Cyprus recently held an information day for entrepreneurs interested in securing EU funding for business ventures.

Despite being sufficiently capitalised at present, a handful of large Russian investment firms operating in Cyprus may face risks relating to EU-imposed sanctions on their parent companies in Russia, Cyprus Securities and Exchange Commission (CySEC) chairwoman Demetra Kalogirou has said.

A tender has been issued for the appointment of an independent consultant to prepare a study concerning all possible outcomes on the future of the Electricity Authority of Cyprus (EAC), Privatisations commissioner Constantinos Herodotou said in an announcement recently.

The Central Bank Board of Directors will announce measures aiming at reducing lending rates, CBC Governor Chrystalla Georghadji recently told the Board of the Employers and Industrialists Federation.