The Finance Minister has admitted that the problems of the Cypriot public finances and the banking system, were a result of the government's own shortcomings and failures to act in a timely manner.

Professional services firm PricewaterhouseCoopers (PwC) has been appointed to an advisory role over the creation of a singular tax policy for property in Cyprus, says the government.

A MoU was signed between Larnaca and Cairo, which Cypriot Minister of Communications and Works said would "mark the beginning of a new era in the cooperation of our two countries."

Cyprus's economy probably shrank 5.5% last year, less than previously forecast, thanks to resilience in private consumption and the contribution from tourism, the finance ministry says.

The Natural Gas Public Company DEFA will be inviting expressions of interest for the import of natural gas for power generation purposes.

Shacolas Group subsidiary, Ermes Department Stores Plc, announces that it has sold its 25.01% stake in the airports catering company Cyprus Airports (F&B) Ltd., to its operating partner Air Rianta International (Middle East) WLL.

Cyprus aims to attract a rising number of investment firms and companies providing fiduciary services, as universal regulation means all companies will fall under the scrutiny of the Cyprus Securities and Exchange Commission (CySEC).

FxPro Financial Services (FxPro), the Limassol-based provider of online FX trading services, has been named the National Public Champion of Cyprus in the 2013/14 European Business Awards (EBA).

The natural gas reserves offshore Cyprus and the scheduled new round of drilling next Autumn will create an unprecedented impetus in the country’s waters, says Communications and Works Minister at a conference in Larnaca on blue growth.

The President briefs all interested parties on the recent agreement signed with the U.K. government in London that will allow the development of privately-owned properties within the twin British military base areas on the island.