The Greek Cypriot refugee mayor of Famagusta, Alexis Galanos, said that a forthcoming visit to the island by US Vice President Joe Biden would be “a very positive development.” Already, politicians and civil society have been commenting on the visit which they see as being timed with Washington’s efforts to get the Cyprus peace talks

A Troika delegation, which is visiting Cyprus, continues its meetings in Nicosia, for the fourth assessment of the Cyprus economic adjustment program. On Monday, the representatives of Cyprus` international lenders will meet the Real Estate Association and the Association of Cyprus Banks at separate meetings at the Central Bank of Cyprus. By Friday they are

The US is expected to announce the funding of a master plan for the wider region of theTurkish occupied town of Famagusta, during next week's visit to Cyprus by Vice President Joe Biden, reliable sources have told CNA. Biden is due on the island between 21-23 May. The same sources have said the deal will

Stakeholders in Cyprus expect that the issue of the management of the 18% share capital of Bank of Cyprus (BoC) owned by the former Laiki Bank, will be discussed during the forthcoming visit of the Minister of Finance in Warsaw, at the headquarters of the European Bank for Reconstruction and Development (EBRD). The Minister of

Halliburton, one of the world's largest oilfield services companies with operations in more than 80 countries, has decided to set up a regional base in Cyprus to cover the eastern Mediterranean, government officials said on Friday. Senior executives were received by President Nicos Anastasiades in the presence of Energy Minister Yiorgos Lakkotrypis, who welcomed the

The European Bank for Reconstruction and Development said on Friday it will decide next week whether Cyprus should temporarily become a recipient of financing. The bank said in a statement that the decision will be taken by the Board of Governors, representing the bank’s 66 shareholders, at its annual meeting in Warsaw on May 14-15.

Total imports/arrivals from third countries and EU member states in January-February amounted to €729,1 mln, compared to €803,2 mln in January-February 2013, according to the Statistical Service of Cyprus, Cystat. In its monthly report for February, Cystat that total exports/dispatches in January-February were €217,0 mln compared to €226,0 mln in January-February 2013. The trade deficit

Agricultural Development and Environment Minister Nicos Kouyialis said on Friday that maintaining current and creating new rural jobs should be the EU’s main goal. Speaking at a conference in Tirolo, Austria, on “Rural areas have a future”, Kouyialis said that enhancing rural economy by way of developing EU rural regions should be a common goal.