The Industrial Turnover Index decreased by 2% in June 2014 compared with a year earlier, while in manufacturing the index increased by 1.2%, the Statistical Service said recently.

The Price Index of Construction Materials decreased in August 2014 by 0.17% compared to July of the same year, the Statistical Service has announced.

The House Finance Committee recently approved the Cabinet’s proposal for the appointment of Yiannakis Lazarou as the island’s tax commissioner and Yiannis Tsangarides as his deputy.

Etihad Airways, the national airline of the United Arab Emirates, has extended BusinessConnect, its loyalty program for businesses, to 12 new markets including Cyprus.

Minister of Agriculture, Natural Resources and the Environment Nicos Kouyialis has paid a two-day official visit to Latvia with an aim to strengthen relations between Cyprus and Latvia, in view of the latter’s EU Presidency during the first half of 2015.

Bank of Cyprus (BoC) said recently that lending procedures concerning European funds had to be improved but there was no question of money being withheld.

A drilling platform that will be prospecting for natural gas on behalf of an Italian-Korean consortium is en route to Cyprus’ offshore Block 9 and is set to arrive at its destination shortly.

Fleet Management Ltd. Hong Kong, the Indian-owned ship management company, hosted its principals, partners and friends from across Eurasia and the Americas at a special event at the Hilton Hotel in Nicosia, Cyprus recently to celebrate its 20th anniversary.


The data release of non-performing loans in Cyprus banks marked the first time the Central Bank of Cyprus CBC published a single aggregation for banks and co-operative credit institutions.

The prospects of exiting the bailout adjustment programme earlier than expected have appeared, said Finance MinisterHarris Georgiades, while urging MPs to take the decisions necessary to allow continuation of the bailout financing.