Cyprus tourism prospects for 2014 are positive, Cyprus Tourism Organisation General Manager Marios Hannides has said. Hannides presented on Thursday a Cyprus Tourism Quality (CTQ) Label scheme in a bid to promote the quality of the island`s hospitality services. Despite the fact that in real terms 2013 saw a fall in tourist arrivals in the

The assumption of the voting rights of the ex Laiki bank (now absorbed by the Bank of Cyprus) by the European Bank of Reconstruction and Development (EBRD) would be a "good thing" for the bank and for Cyprus, Bank of Cyprus CEO John Patrick Hourican has said. Hourican`s remarks came in response to press questions

The Board of Directors of the Bank of Cyprus (BoC) has not yet assessed any specific proposal regarding a capital issuance, according to an announcement by the Bank. Replying to press articles regarding a capital increase, the Bank of Cyprus clarifies that the Bank together with its external advisors is considering and assessing a number

The reform of the legal framework on repossessions should be expedited in a bid to assist the commercial banks pressure borrowers to repay their loans, senior bankers have told an economic congress. Cyprus has received a €10 billion from the EU and the IMF to avert the meltdown of the island`s oversized banking system. However,

Cyprus' economy is on its way to recovery, Deputy Secretary to the President Constantinos Petrides has said, noting however that the recovery will be gradual and the main benefits of the reforms will only be felt over the next years. In his speech at the 4th Nicosia Economic Congress entitled “The State of Cyprus Economy-

 * Funding to complement Troika programme, expected to end in 2020 * The European Bank for Reconstruction and Development (EBRD) will start investing in Cyprus, most likely for a limited period, to help the country overcome transition challenges that have emerged during its severe economic crisis. The EBRD’s board of governors, which represents the bank’s

Cyprus needs to complete three prior actions in order for the Troika of international lenders to release the fifth bailout tranche, the Cyprus News Agency reported. The three obligations are: – regulations on the Fiscal Council should be adopted; – a bill on the composition of the Resolution Authority must be approved; and, – a

 * Cyprus can play a regional role, says minister –  * Global flights to double by 2030 * Flight safety remains the number one worldwide priority, particularly after the disappearance of Malaysia Airlines flight MH370, aviation and state officials said during the fifth international conference on “Aviation Safety Performance: Can it be measured?” held in

Women should be represented in all decision making bodies in Cyprus and civil society should overcome its inhibitions and strive to achieve equality at al levels, a forum organised by the European Parliament Office and the office of Commissioner for Administration (Ombudsman) concluded on Wednesday. Speaking at the event, entitled “European elections 2014: Has the