* Concludes fifth post-programme surveillance mission to Cyprus   The sale of the Cyprus Cooperative Bank to Hellenic Bank has “reduced uncertainty” in the financial sector, but significant challenges remain, including the still very high NPL ratio, the fifth post-bailout Troika mission said in its report on Friday. European Commission staff, in liaison with staff

Parliament has started discussing a bill to reform the law regulating out-of-court settlement in disputes over property rental agreements.  The discussion kicked-off with complaints from property owners regarding tenants who do not uphold their rental agreement taking advantage of slow juridical procedures and the existing rental legislation that protects those who deliberately don’t pay.  

World Laser sailing champion Pavlos Kontides believes Ayia Napa Marina’s best feature is its 220-space Dry Stack storage system for small boats, a first for Cyprus and unique throughout the Mediterranean. Cypriot Kontides, who won the Laser Men’s World championship in Aarhus, Denmark in August, said that the dry stack for boats up to 10

The newly built Radisson Blu Hotel in Larnaca has officially opened its doors as Cyprus' first business hotel.  It is located near the town centre, besides the port and only 10 minutes away from Larnaca International Airport. The hotel boasts 106 spacious sea view rooms – the largest hotel rooms in Cyprus – 56 sq.m.

Two ruling party DISY MPs are campaigning to restore a commercial passenger ferry link between Cyprus and Greece after an 18-year absence and there is interest if it could be EU-funded. MPs Nikos Tornaritis and Annita Demetriou have tabled the issue to be discussed in parliament, in a move to exert pressure on Nicosia and

For the first time in Cyprus, some 32,000 diabetes patients will be given blood glucose meters and diabetic test strips for free, after a decision taken by the Health Ministry. Patients who were previously buying the sets at EUR 25 from private pharmacies and the Diabetic Association, will now be able to obtain them from

The European Central Bank has started buying Cypriot government bonds following the upgrade of Cyprus’ credit status to investment-grade by Standard and Poor’s. Purchases of Cyprus bonds by the ECB in the context of the ECB’s Public Sector Purchase Programme ceased in early 2016 after Cyprus concluded its bailout programme but its sovereign credit rating

Nearly 2,000 people a day have visited the first casino to operate in the Cyprus Republic since it opened three months ago on 28 June in Limassol. Cyprus Casinos (C2), the first licensed casino in the Republic, has welcomed more than 175,000 individual guests and 13,000 registered members of the loyalty program, since it opened

The European Union has given an additional €3 mln to support the work of the bicommunal Technical Committee on Cultural Heritage in Cyprus. This was done through an agreement between the European Commission and the United Nations Development Programme (UNDP). The European Union is the largest contributor to the work of the Committee with a