The government recently released the 'integrated casino resort policy outline', with the view to fast-tracking licensing the first casino resort complex in Cyprus is to attractforeign investment.

Due to its recent capital increase Bank of Cyprus now seems to be far better capitalised than many of its peers that will be subjected to excruciating EU wide stress tests in October, 2014.

The rights of vulnerable groups were fully secured by a bill on foreclosures approved by the cabinet, President Nicos Anastasiades says, and announces additional measures to protect primary residences.

The two weeks between August 11 and 24, 2014 are expected to see some 470,000 people move through the island’s two airports on a total of 2,900 flights, it emerged recently.

Under the foreclosures bill drafted by the government, mortgagors will have around six months at their disposal to challenge or block repossession proceedings on a property, with recourse to the courts and mediation agencies available every step of the way.

The operations of Russian subsidiary banks in Cyprus will not be affected “at all” by the sanctions imposed by the EU and the US against Moscow over the Ukraine crisis.

Bank of Cyprus, the island's largest lender announces it will proceed with a reduction of its lending base rates as of August 4, 2014.

A drop of 3.0% was recorded during January-May 2014 in the Industrial Production Index, compared to the respective period in 2013.

The European Commission will co-finance with a maximum potential support of around €8.8 million from the Trans-European Transport Network (TEN-T) Programme, 2 transport infrastructure projects taking place partially in Cyprus.

The Ministry of Agriculture can contribute to growth and job creation, said Minster of Agriculture Nicos Kouyialis, pointing out that the registration of halloumi cheese as a product with Protected Designation of Origin (PDO) is crucial to this effort.