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Government Spokesman Stephanos Stephanou called on Sunday for the termination of terrifying scenarios and speculations concerning the amount needed for the recapitalisation of the banking sector, maintaining that in any case the

Analysis of data from the plastic card company JCC Payment Systems show that the beleaguered retail sector earned EUR 18 mln from Turkish Cypriots (not including cash payments) in 2012, up from

The Central Bank of Cyprus announced on Saturday that the Steering Committee of Cyprus has now received the final report on the diagnostic test for the capital needs of financial institutions in

There seems to be a link between the Greek economic crisis and an improvement in air quality, according to research published in the New Scientist magazine. The results of the study conducted

Vincent Pfister, the elusive IT expert charged with stealing software and data from Limassol-based fund manager IKOS, has appeared in court to hear seven charges of theft and fraud filed by the

Korea wants to increase its commercial presence on the island, especially after one of the offshore natural gas exploration licenses south of Cyprus were awarded to the Korean gas multinational, KOGAS, in

Cyprus could become one of the major natural gas liquefaction terminals in the world, Minister of Commerce, Industry and Tourism Neoclis Sylikiotis has stressed. Sylikiotis said Friday that the creation of a

The Cyprus seasonally-adjusted unemployment rate reached 14.7% in December 2012 compared to 14.2% in November, according to figures published on Friday by Eurostat, the statistical office of the European Union. According to

Bank of Cyprus, the island’s biggest lender with a vast exposure to the troubled Greek market, said that 229 people took up an early retirement plan in January, helping to reduce operational