Cyprus Cooperative Central Bank has announced a voluntary retirement scheme aiming at reducing the number of employees of the Cooperative Credit Institutions (CCIs) by 300.

A new India-Cyprus double tax avoidance agreement (DTAA) or tax treaty, inches closer to finalisation with the delegates of the two countries slated to meet in early-mid March to tie up the loose ends.

Chairman of the Wine Products Council Panicos Chambas and the Ambassador of Cuba, Aramis Fuentes Rodriguez recently visited vineyards and wineries in the wine-producing villages of Limassol District.

Cyprus’ bailout adjustment programme is on track but challenges remain following a third assessment of the recession-hit economy, reveal the Troika of international lenders.

The MBA Program of the University of Cyprus, in line with its social contribution and commitment in creating visionary and influential leaders in the local, regional and international business community, has announced 26 scholarships.

Hellenic Bank has received the coveted Green Key, usually awarded to hotels and restaurants, for its eco-friendly conference centre at its head offices in Nicosia.

Defence Minister Fotis Fotiou says relations with Israel were entering “a new phase” as the two countries hold a joint military exercise in Cypriot airspace.

Cyprus is looking at several options for developing its hydrocarbon reserves but its priority remains the construction of an onshore liquefied natural gas (LNG) plant, says Energy Minister Giorgos Lakkotrypis.

Sports tourism is one of the Cyprus Tourism Organisation’s (CTO) most valuable assets when it comes to alternative forms of tourism, its general manager Marios Hannides said recently.

The Finance Minister assures that substantial relaxations to capital controls could be expected in the near future, as the island surpasses the targets set in the bailout adjustment programme and its banking sector stabilises.