Cyprus has not used EU Cohesion Funds

Data from the European Commission show that out of a total of EUR 53.9 mln allocated to Cyprus in Cohesion Funds for the period 2004-06, Cyprus managed to absorb absolutely nothing in

Tourism chief backs casinos

The Chairman of the Cyprus Tourism Organisation (CTO) Photis Photiou said one of the key elements in the suggestions for the upgrading of the Cyprus tourism product was the creation of casinos

Hoteliers offer 50% discounts to locals

Faced with declining bookings and ever rising costs, the island’s hoteliers launched their summer brochure offering discounts of up to 50% to Cypriots and other permanent residents on the island. The summer

ERM2: the economic impact

Which sectors will benefit from entry in ERM2 The entry of the Cyprus pound into the ERM2 at the existing parity rate of EUR 1.7086 per CYP or CYP 0.585274 per euro

No reaction to ERM2 in markets

Share prices hardly moved on Wednesday, the first day of trading after the long Easter break and the weekend news that Cyprus, together with Malta and Latvia had been accepted into the