The President of the Republic Nicos Anastasiades has asked the UN Secretary General's intervention to convince Turkey to refrain from violating Cyprus` sovereign rights in its Exclusive Economic Zone, warning that such actions “would give a heavy blow to the negotiations for the settlement of the Cyprus problem”. In a letter to Ban Ki-Moon, President

Minister of Energy Yiorgos Lakkotrypis briefed on Monday, in Milan, the Italian EU Presidency, the Greek Minister of Energy and other EU counterparts on Turkey’s new provocative actions in the Exclusive Economic Zone of the Republic of Cyprus. Lakkotrypis attended the informal meeting of the EU Energy and Environment Council, along with Environment Minister Nicos

The number of applications for registration of new companies submitted at the Department of Registrar of Companies and Official Receiver, recorded an increase for the seventh consecutive month in September 2014. According to data of the Department, the number of applications for registration of a new company, reached 919 in September 2014 from 798 in

The Ministry of Finance sees further slowdown of the recession in the economy to 3%, in its October forecast, compared to 3,5-4% in August, while the 4th annual review of the country`s adjustment programme includes the assumption that the annual contraction of the economy for 2014 will be 4.2%. “We maintain our view that growth

Cyprus' economic recession in 2014 will be smaller than initially estimated by the International Monetary Fund after the conclusion of the 4th review of the country`s economic adjustment programme, according to data included in the IMF’s latest World Economic Outlook (WEO). In its WEO, published on Tuesday, the IMF said that Cyprus` GDP will contract

The Council of political party leaders has endorsed a suggestion by the President of Cyprus Nicos Anastasiades to suspend his meetings as well as the meetings of the Greek Cypriot negotiator with the Turkish Cypriot side, Government Spokesman Nikos Christodoulides announced after a Council meeting on Tuesday at the Presidential Palace. Christodoulides noted that “the

Inflation in September stood at 0% on the basis of the Harmonized Index of Consumer Prices, the Statistical Service announced on Tuesday, compared to 0.3% increase in the September 2013. It said that in August inflation increased at a rate of 0.8%.

The US recognises the right of the Republic of Cyprus to develop its resources in its exclusive economic zone, Jen Psaki, State Department spokesperson has said, in response to questions on Turkey`s provocative moves in the Eastern Mediterranean relating to Cyprus. “We recognise the right of the Republic of Cyprus to develop its resources within

The Government of Cyprus has expressed its satisfaction about the decision of the Kingdom of Saudi Arabia to accredit an Ambassador to the Republic of Cyprus, based in a neighboring country. According to a written statement issued by the Government Spokesman Nikos Christodoulides, at the same time, the Republic of Cyprus intends to proceed with