Cyprus braces for difficult year for tourism

President of the Republic Demetris Christofias has described 2009 as probably the most difficult year in the history of tourism in Cyprus, due to the global financial crisis which has affected many

Cyprus -Libya set to sign energy agreements

Libya is looking forward to signing bilateral agreements with Cyprus relating to oil and natural gas supply and exploitation and strengthen cooperation in key sectors of the economy, Libyan Minister of Justice

US investments in Cyprus reach $379 mln

US investments in Cyprus amount to more than $379 mln, US Ambassador in Nicosia Frank Urbancic said, noting that this figure will soon increase substantially as an American energy firm begins exploring

Zorpas sales and profits climb in 1Q09

A Zorpas & Sons Public Company Ltd (ZRP) issued its first quarter 2009 financial results with revenue climbing 8.7% at EUR16.5mln, while net profits improved by 83% to EUR 565.000 compared to