Microsoft Cyprus also actively committed to supporting local communities in Cyprus In recognition of its outstanding performance and strong track record in responsible corporate practices across the United States, Microsoft has topped Corporate Responsibility magazine’s 15th list annual 100 Best Corporate Citizens, rising from its fourth place achievement last year. The overall ranking was based

Two landmark events this week have paved the way to boost trade and cooperation with Iran, while Cyprus officials have also stated that the island could become a bridge to the EU for Iran. The Cyprus-Iranian Business Association was established on Tuesday with 75 enterprises signed up as members, the same day as an agreement

Electricity demand on Tuesday was at a similar level to Monday’s, which was the highest of the year at 1020 MW, according to the Director of the Transmission System Operator (TSO) Christos Christodoulides who said that overall production capacity is at around 1180 MW. “There is sufficient supply to cover demand, provided that no major

President Nicos Anastasiades said on Friday that at its next meeting, the Cabinet will set up a new mechanism to monitor the EUR 517.5 mln in public projects announced so far this year and ensure they do not get embroiled in red tape. President Anastasiades called on local authorities, which will mainly oversee the implementation

 * New projects worth €64 mln for district * The Larnaca marina and port privatisation will go out to tender again by the end of next year, after previous bidder Zenon Consortium failed to find the necessary funds for the project. The facilities will now remain in state hands and the government has yet decided

President Nicos Anastasiades announced infrastructure projects worth EUR 95 mln for the government-controlled area of Famagusta, during a meeting at Paralimni town hall, attended by members of his Cabinet, mayors and local government representatives. The projects include utility works related to water supply in the area (EUR 17 mln) and solid waste management (EUR 6.5

Tourism revenue fell by 3.1% in May according to statistical service Cystat, despite arrivals having increased by 4.9%. On the basis of the results of the monthly Passenger Survey, revenue from tourism reached EUR 217.1 mln in May compared to EUR 224.1 mln in the same month last year, recording a decrease of 3.1%. For

The Finance Ministry’s Public Debt Management Office issued 13-week treasury bills for the amount of EUR 100 mln, which was oversubscribed almost 1.5 times. During Monday’s auction, tenders for a total amount of EUR 143.7 mln were submitted, out of which EUR 100 mln total nominal value were accepted with a weighted average yield of