* Foreclosures: “Never our intention to leave the weakest segments of society unprotected” * Billionaire investor Wilbur L. Ross, Jr., who pumped about 400 mln euros into Bank of Cyprus last August and now controls 19% of the island’s biggest lender, is confident that the bank will continue on its recovery path and as it

Moderate Mustafa Akinci’s landslide victory in the presidential elections for the new Turkish Cypriot leader in the north on Sunday was generally viewed as a positive outcome that could give a new momentum to the stalled reunification talks, with President Nicos Anastasiades quick to congratulate the veteran politician. But despite Akinci’s gestures with olive branches

New and used car sales continued to rise in the first quarter of the year, following a trend seen from last year when consumers preferred to buy a car for cash and not owe any money to the banks. The statistical service Cystat said that the total number of motor vehicle registrations increased by 12.3%

Nicosia was deprived of gushing water from consumers’ taps for the fifth day on Monday as public officials were at each others’ throats blaming the other for poor planning and shoddy repairs at the main water supply pipeline from Larnaca. The Tersefanou pumping station was shut down on Thursday after initial repair work was not

Synonymous with the most fabulous jewels in the world, Graff is making its debut in Cyprus at Limassol Marina after more than five decades operating at the pinncale of the luxury jewellery industry. Graff was founded in 1960 and has over 50 stores worldwide. It is involved in every stage of the jewellery making process

The ΤΡΑΚΑΣΟΛ Cultural Centre, now playing an integral role in the cultural calendar of Limassol, is honouring Russian culture with a series of events entitled "Russian Cultural Days". With the backdrop of Limassol Marina, the new thriving hub of town, the ΤΡΑΚΑΣΟΛ Cultural Centre is devoting May and June to Russian cultural events of a

Cyprus Finance Minister Harris Georgiades told his colleagues at the Eurogroup meeting of Eurozone finance ministers in Riga on Friday that the island was “edging out of recession,” while the group’s Chairman Jeroen Dijsselbloem said there was was “god news” on Cyprus. In a message on twitter Georghiades said: “My message at Eurogroup: Cyprus edging

The actions of the government, the House of Representatives, as well as the Central Bank of Cyprus and their impact on the recovery of the economy will be the main topic of discussion at a conference organised by employers and industrialists federation OEV next Tuesday at the Philoxenia Conference Centre in Nicosia. The key speakers