President Nicos Anastasiades has assured that his government acknowledges its responsibility to draft a national strategy on tourism and guide the efforts of all involved parties in the continuous development of the tourist industry.

The bankruptcy of another Russian tourist agency will not affect the number of arrivals in Cyprus said President of the Association of Cyprus Travel Agents (ACTA) Victor Mantovanis, noting however that Cyprus should stop depending on a small number of markets.

Inflation rate recorded a slight slowdown in August 2014, with an annual increase of 0,8% compared to 0,9% in July 2014, according to the Statistical Service.

Hellenic Bank announced recently that Marinos S Yannopoulos is its new Chief Executive Officer (CEO).

Trade deficit recorded an increase of 7.9% in the period January-June 2014, amounting to €1.607,0 mn, compared to €1.488,6 mn in the corresponding period of 2013, according to data released by the Statistical Service.

Energy, Commerce, Industry and Tourism Minister Giorgos Lakkotrypis is currently in Amman, Jordan, on a one day working visit.

Bank of Cyprus (BoC) shares could resume trading on the floor of the Cyprus bourse by end-October 2014, the head of the Securities and Exchange Commission (CySEC) said recently.

Seven new flights a week operated by airline Germania will connect Paphos with five German airports from March 2015.

Sales documentation submitted to the Land Registry since the start of 2014 indicate the property market is stabilising with an average increase of 23% in numbers for January to August compared to same period in 2013.

The Cypriot economy shrank by 2.4% in 2012 compared to growth of 0.5% in 2011, according to a report released recently by the Cyprus Statistical Service entitled 'Labour Statistics' for the year.