The Horizon 2020 and Horizon Europe research missions are a fast and effective way of connecting to the public, the director general at the Department of Research and Innovation of the EC, Jean Eric Paquet said recently.

Cyprus plans to carry out eight offshore drills for hydrocarbons over the next 24 months, the government revealed recently.

EY Cyprus was named Cyprus Tax Firm of the Year for the second consecutive year and Cyprus Transfer Pricing Firm of the Year by ITR in recognition of the high quality tax services offered. The ITR European Tax Awards take place annually aiming to recognise distinguished tax service providers across Europe.

DBRS rating agency has said that Cyprus faces significant credit challenges related to its still sizable non-performing exposures (NPEs) in the banking sector, high levels of private and public sector debt, external imbalances, and the small size of its service-driven economy, which exposes Cyprus to adverse changes in external demand.

The European Commission’s Director-General for Research and Innovation Jean-Eric Paquet will be in Cyprus on May 21 and 22, 2019.

Finance Minister, Harris Georgiades, said recently that the confirmation of Cyprus’ credit rating by Canadian rating agency DBRS was a positive development.

DBRS Ratings Limited (DBRS) has confirmed Cyprus’ Long-Term Foreign and Local Currency – Issuer Ratings at BBB (low).

Contrary to what was expected, tourist arrivals rose by 4.8% in April 2019 compared to last year, a new record.

A team from the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, also known as Moneyval, arrived in Cyprus recently for a comprehensive review of Cyprus’ corporate, legal and financial sectors.

The Ledra Arcade, a commercial centre in central Nicosia that used to belong to the Cyprus Trading Corporation (CTC) is up for sale by the Bank of Cyprus’ Real Estate Management Unit (Remu) for €10.5m.