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.

A cooperation Protocol between Cyprus and Romania was recently signed in Nicosia at the end of the 15th Session of the Joint Cyprus-Romanian Committee, aiming to further strengthen bilateral relations in various fields.

The Central Bank of Cyprus has called on the banking system to resume its lending role and help kick-start the ailing economy.

Financial and insurance sector workers in Cyprus earn more than double employees in other sectors make, the EU’s statistical agency, Eurostat, said recently.

Cyprus will continue to improve and update the incentives offered to shipping entrepreneurs and explore new incentives, ensuring that its attractiveness and competitiveness as a ship-management and shipping centre are safeguarded, said Minister of Communications Marios Demetriades.

The Cooperative Central Bank, one of four systemic Cypriot lenders supervised by the European Central Bank’s single supervisory mechanism after successfully completing the ECB’s asset quality review in October showing a €331m capital buffer in the pessimistic scenario, has launched a new brand logo, the lender said.

A 30-day public consultation for the opening of the electricity market in Cyprus was kicked off during a recent presentation of a study commissioned by the Energy Regulatory Authority (CERA).

An €80m loan signed recently with the European Investment Bank (EIB) was the first step towards building a university for 10,000 students, 600 academics, 2,000 young researchers and 400 administrative personnel by 2020, University of Cyprus Rector Constantinos Christofides said.