Cabinet recently extended for three and a half months the tender period for the 'Design-Build-Finance-Operate' (DBFO) method of development for Larnaca’s port and marina.

A survey conducted by RAI Consultants in March 2014 for the purpose of evaluating the card payment providers that operate in Cyprus, shows that IMSP customers maintain a very high satisfaction rating both for services as well as transaction speed, claiming this is because of IMSP’s state of the art secure payment technology.

MeritKapital announces its new engagement with DBS Hong Kong, a leading financial services group in Asia with over 250 branches across 15 markets.

A €5 million incentive scheme to boost the hiring of the long-term unemployed was unveiled by the Council of Ministers recently.

Tourism enterprises and hoteliers are trying to boost arrivals by 3% to 5% in 2014, despite a slight slowdown in April and May of this year due to the trouble between Russia and Ukraine.

The European Bank for Reconstruction and Development (EBRD) has agreed to finance Cyprus for a limited period to help the island overcome is economic problems, it was announced recently.

Credit card payments made by Cypriots in the local market increased by 12% in April 2014, compared to a year earlier, and reached €168,5 million.

The Troika has told the government it must abide by the roadmap for privatisations of semi government organisations (SGOs), which it says can be achieved by 2018, with the state also pondering about the sale of services such as the lottery.

The Cyprus International Institute of Management (CIIM) in collaboration with the Cyprus Stock Exchange (CSE) is organising a one day conference for Promoting Cyprus as a Fund Jurisdiction.

A new company providing air navigation services will be set up by 2015, Communications and Works Minister Marios Demetriades revealed recently.