Cyprus and Albania sign customs agreement

The Cyprus House of Representatives has ratified a customs agreement between the governments of Cyprus and Albania. The agreement aims at enhancing cooperation between the two countries, especially in the areas of

Forex loans rise, deposits fall

Foreign borrowing by Cyprus residents continues to rise apace as Cypriots take advantage of lower eurozone interest rates relative to those on offer with the Cyprus pound, according to data released by

Cyprus free of excessive deficit procedure

The European Commission decided on Wednesday to recommend taking Cyprus off the list of countries condemned for having an excessive deficit, which will make Cyprus the first new member state to achieve