Property prices continued to fall in the third quarter of 2014, with year-on-year values dropping by as much as 4-6%, according to the RICS Cyprus Property Price Index.

Professional associations and construction sector unions have banded together in an attempt to help revive the industry, hard hit by the island’s financial crisis.

Hotel prices in Cyprus have fallen the most in Europe for November 2014, according to a top international hotel price comparison website.

The reserve estimate for the Aphrodite natural gas field offshore Cyprus has been raised by 12%, and most of the gas is likely to be exported, Israeli firms involved in the project said.

Energy Commerce, Industry and Tourism Minister Yiorgos Lakkotrypis says there are significant signs of restored confidence in Cyprus' economy.

Moody's Rating Agency recently upgraded Bank of Cyprus’ (BoC) long-term deposit ratings to Caa3 from Ca with stable outlook, warning however that the lender still faced immense challenges.

A draft bill to modernise company law will be submitted to the House by the end of November 2014, Commerce and Energy Minister Giorgos Lakkotrypis said recently.

CYPRUS: SERVICE OF JUDICIAL AND EXTRAJUDICIAL DOCUMENTS IN CIVIL AND COMMERICIAL MATTERS AS PER REGULATION (EC) No 1393/2007

The government's priority is to have a productive Ministry of Agriculture so that it can contribute to economic growth, Minister of Agriculture, Natural Resources and Environment Nicos Kouyialis says.

Cyprus' external trade deficit in January – August 2014 reached €2.3 billion, marking an increase of 9.5% or €0.2 billion, figures released recently by Eurostat show.