Inflation for April 2014 decreased at a rate of -0.4%, and -0.,9% for March 2014 while for April 2013 the corresponding rate increased at 0.1%, according to the Statistical Service of the Republic of Cyprus. As stated in the announcement on the evolution of the Harmonized Index of Consumer Prices (HICP) for April 2014, the

For the new generation looking to make a difference, entrepreneurship is a very attractive choice, especially in ICT/web. Christophoros Tzirtzipis, Antonis Poupazis and Charis Charalambous are great examples of young people where creativity and passion for work came together to produce an innovative idea which is both functional and playful: Diyful. Diyful is an online

The Election Service at the Interior Ministry has called on all Turkish Cypriot voters, holders of Cypriot ID, who wish to vote in the upcoming EP elections on May 25th, to register their residence address by next Friday, May 9th so that the list of eligible Turkish Cypriot voters can be finalized. Assistant Returning Officer

Cyprus President Nicos Anastasiades, who is paying a four-day official visit in Berlin, will meet on Tuesday German Chancellor Angela Merkel, with whom he will have a working lunch. Following the lunch, scheduled to begin in 12:10 local time, Anastasiades and Merkel will hold a joint press conference. The meeting`s agenda includes the ongoing UN-led

A delegation of Troika technocrats started Tuesday morning its contacts at the Central Bank of Cyprus, in the framework of the fourth mission review of the country`s adjustment programme. Technocrats will conclude their contacts by May 12. In statements today, CBC Spokesperson Aliki Stylianou said that Tuesday`s meetings will focus on developments in the banking

Andrey and Julia Dashin officially launched their new charitable foundation today with a special press conference. The objective of Andrey and Julia Dashin’s Foundation, which has been recently set-up by the renowned Russian couple, is that of offering support to Cypriot society, giving the opportunity to individuals and organisations in need to apply for financial

The European Commission’s Spring forecast confirms that Cyprus economic adjustment is on the right track and that the island will exit recession in 2015. According to the Commission, GDP stood at -5.4% in 2013, while the forecast in November was -8.7% and -6% in February. For 2014 the GDP is expected to be reduced at

By Gregoris Savva, Cyprus News Agency Cyprus President Nicos Anastasiades is paying a four-day official visit to Germany and is scheduled to meet Chancellor Angela Merkel in Berlin on Tuesday, with whom he will have a working lunch. Following the lunch, scheduled to begin in 12:10 local time, Anastasiades and Merkel will hold a joint

Revenue from tourism saw an increase of more than 10% in February this year, compared to the same month last year. According to a press release by the Cyprus Statistical Service, on the basis of the results of the Passenger Survey, revenue from tourism reached €31.3 mln in February 2014 compared to €28.3 mln in

A team of inspectors from the Troika of international lenders is back in Cyprus, with meetings scheduled on Tuesday that will explore the rate of progress, if any, on issues such as the national health scheme and the rise in non-performing loans within commercial banks. The delegation, comprising officials from the European Commission, ECB and