Lebanese real estate investors are increasingly turning their attention to Cyprus, on the heels of the Lebanese banking sector, which has already opened nine bank branches on the island.

Tourists arrivals in February increased by 6.9% compared with February 2013, figures released by the Statistical Service show.

The President says his government is in touch with the local business community in an effort to offer support.

The time needed in Cyprus to resolve litigious civil and commercial cases was 505 days in 2010, according to the EU Justice Scoreboard released recently by the European Commission.

Further steps will be seen following the recent decree that eased domestic capital restrictions.

The annual inflation in Cyprus marked a small increase in February 2014, reaching -1.3% from -1.6% in January.

As regards the expectations from the EU the majority of the Cypriots (50%) as well as the EU citizens (47%) expect that the EU will help to improve the economy and to combating the crisis.

Canada is keen to participate in the development of Cyprus’ offshore hydrocarbons, Energy Minister Giorgos Lakkotrypis confirms.

A cabinet decree privatising the commercial activities of the Cyprus Ports Authority (CPA) is due to be issued, as the government gets the ball rolling on denationalising SGOs and state-owned enterprises.

President Nicos Anastassiades meets UN Special Representative Lisa Buttenheim to discuss the next steps in the UN-led settlement talks.