House prices fell by 3.0% in Cyprus, rose by 1.1% in the euro area and increased 2.6% in the EU in the fourth quarter of 2014 compared with the same quarter the previous year, according to figures released by Eurostat.

Ankara’s recent issuing of a new marine advisory for seismic research drew a kneejerk reaction in Nicosia, despite the fact the area reserved does not encroach into Cyprus’ Exclusive Economic Zone (EEZ).

Cyprus' trade deficit recorded a decrease in January 2015, reaching €99.6 million, compared to €285.0 million in January 2014, according to the Statistical Service.

The International Monetary Fund said Cyprus’ economy will grow a marginal 0.2% this year after shrinking 2.3% in 2014 before growth accelerates to 1.4% in 2016.

Cyprus needs to diversify its economy and is working to attract foreign direct investment from a wider range of sectors, the head of the Cyprus Investment Promotion Agency, Charis Papacharalambous told the press in an interview.

Leptos Group of Cyprus enlarged its global network with the addition of one more office – a new branch in the United Arab Emirates.

The Cyprus Chamber of Commerce and Industry is expecting the Greek government to announce a revision of a punitive tax imposed on imports from countries with a corporate tax rate below 13%, a CCCI official said recently.

The first luxury villas at Limassol Marina have been delivered to their owners.

Cyprus is expecting a significant increase in the number of visitors from the UK and Germany in 2015, according to predictions from the Association of Cyprus Travel Agents (ACTA).

Nicos Anastasiades is expected to visit Israel soon after Prime Minister Benyamin concludes his ‘unity government’, Government Spokesman Nicos Christodoulides said, after the President met with outgoing Foreign Minister Avigdor Lieberman.