The 2015 budget aims at creating the conditions that will allow the government to lighten the tax burden, Finance Minister Harris Georgiades said recently, as he welcomed its approval by parliament.

The drilling in Block 9 of the Cyprus’ exclusive economic zone (EEZ) will proceed as planned Foreign Minister Ioannis Kassoulides said in Athens recently after the first joint meeting with his Greek counterpart Eleftherios Venizelos and the Energy Ministers of both countries.

Cyprus strongly endorses an investment plan unveiled in late November 2014 by European Commission President Jean Claude Juncker, Under Secretary to the President Constantinos Petrides said.

Plans to breathe new life into a section of seafront in Limassol have been unveiled.

Heavy selling by disgruntled shareholders saw Bank of Cyprus shed a quarter of its value on the first day it returned to the Cyprus and Athens stock exchanges.

Green Dot Cyprus said it launched an awareness campaign today to convince Cypriots to recycle more and consume less in order to lose the unflattering title of being one of the European Union’s top waste producing champions.

EU Commissioner for Regional Policy, Corina Crețu has approved a programme of investments backed by EU Regional and Cohesion Funds that will play a crucial role in putting Cyprus on the tracks of recovery.

After a marathon House session, the 2015 government budget was passed, with 29 votes in favour and 26 against.

FTSL officially obtained its license (259/14) with the Cyprus Securities and Exchange Commission (CySEC) on November 26, 2014 and is now awaiting for the activation of that license.

Real agricultural income per worker in 2014 is estimated to have risen by 1,8% in Cyprus, Eurostat data showed recently.