Credit card expenditure for March spiked 18% in the use of local plastic for purchases in Cyprus.

Emirates, will increase capacity on its services to Cyprus, with the addition of three more flights a week from 1st August 2014.

The rent-to-mortgage scheme, under consideration as a means of protecting primary residences, will be effectively financed by the state budget and will only apply to specific cases, says Finance Minister Harris Georgiades.

Cyprus has already met the set targets of the Europe 2020 strategy in education, according to data released recently by Eurostat.

March 2014 saw the highest number of applications for company registration filed since February 2013, according to company registrar data.

President Anastasiades says there is no question of discussing natural gas as part of the island’s reunification talks adding that Turkey can be Cyprus’ customer after a solution but not a strategic partner.

Testing of the Cyprus-based European Earth Stations (MEOLUT) is to be concluded in 2014, said Communications and Works Minister Marios Demetriades recently.

President Nicos Anastasiades has begun contacts in Abu Dhabi at the start of a four-day visit to the United Arab Emirates aiming to attract foreign investment.

Cyprus and the Seychelles have signed an agreement between them for cooperation on financial, trade, energy, tourism and health issues.

A Cyprus Investment Firm (CIF) is one of the most useful tools in the European Union (and Internationally) if you intend to provide and perform investment services and activities either within Cyprus or abroad on a professional basis on certain financial instruments.