President Nicos Anastasiades announced recently that the government is moving forward with a plan to cut taxes along with offering incentives for foreign investors.

A delegation from the European Space Agency (ESA) is due in Cyprus in June 2015 to update the joint assessment of the island’s space activities, said Communications Minister Marios Demetriades recently.

A Cyprus Central Bank (CBC) draft law on loan sales provides that loans could only be sold on registered companies in the Republic of Cyprus, in addition to subsidiaries of credit institutions in other EU member-states.

A Cypriot project called ‘Arachnobeea’ has won the NASA International Space Apps Challenge.

The following text is the full address by the Minister of Transport, Communications and Works Marios Demetriades at the conference 'Cyprus Embraces Space 2015'.

The Finance Ministry in Nicosia is working to set up an investment fund to manage the revenue from indigenous hydrocarbon deposits in a credible and transparent way.

Cyprus is on track to privatise its state telecommunications authority Cyta by the end of March 2016, in line with its bailout obligations, according to Commissioner for Privatisations Constantinos Herodotou.

Tourist arrivals marked an increase of 11.3% in April 2015 compared to the corresponding month of 2014 and an increase of 13.7% for the first third of the year.

Lavar Shipping, the Limassol-based shipping company established in 1965 by entrepreneur Pantelis Tsanos, is celebrating its golden 50-year anniversary of leadership in the industry in Cyprus and the Eastern Mediterranean region.

PGS Lighting Electrical, exclusive distributor of Megaman®, recently imported the latest LED lighting technology Ingenium® Blu (Bluetooth Technology) which offers a plug-and-play installation that allows users to control lighting through their smart device.