The Council of Ministers is expected issue exploitation licences for the Aphrodite field, Energy Minister Giorgos Lakkotrypis said recently.

The Cyprus Securities and Exchange Commission (CySEC) and the Institute of Certified Public Accountants of Cyprus (ICPAC) signed a MoU to tackle money laundering and terrorist financing.

As Cyprus tries to match 2018's record of nearly 4 million tourist arrivals, a fall from second largest market Russia has seen overall numbers drop in 2019.

The University of Cyprus’ Economics Research Centre has predicted that real GDP growth will slow from 3.9% in 2018 to 3.4% in 2019, a rate which will also remain in 2020.

Cyprus has been a member of the European Union since 2004 and adopted the euro in 2008. The country is known for its well-educated workforce, good business infrastructure and availability of investment opportunities in sectors such as shipping, energy and real estate. All of this, along with the benefits of a great lifestyle, make the country hugely attractive for high-net-worth individuals and top calibre employees to work and settle with their families. Cyprus also offers a number of tax incentives to high-net-worth individuals who want to relocate there.

President Anastasiades and Turkish Cypriot leader Mustafa Akinci launched the interoperability of mobile phones across the island with a phone call on Thursday noon.

The Cyprus Parliament approved on Friday regulations that allow the government to extend the licenses of companies exploring hydrocarbons inside the island’s exclusive economic zone under certain conditions.

Cyprus MPs approving amendments to the legal framework on foreclosures will lengthen an already slow process making it more difficult for banks to claw back debt, argues Moody’s.

The Cyprus Stock Exchange (CSE) is deeply “dissatisfied and disappointed” with the approach taken by the Energy Ministry which rejected its bid to act as the country’s electricity market operator.

Two and a half years after undertaking the operations of Limassol port and the new cruise terminal, DP World has upgraded infrastructure and equipment.