President of the Republic Nicos Anastasiades stressed that Cyprus is quite small to decide about Russia, noting though that principles should be the first to take into consideration. In a statement on the doorstep of the European Council in Brussels and replying to a question regarding Cyprus’ position for the possibility of EU sanctions against

Cyprus’ GDP is expected to contract by 4% this year and by 0.5% in 2015, before a return to growth in 2016, a year earlier than expected, according to the spring Ernst&Young Eurozone Forecast (EEF). While Cyprus’ economy continues to suffer, activity has not slowed as much as it was initially expected, it says. The

   * A confluence of inter-related causes * SPECIAL REPORT: By Fiona Mullen, Director Sapienta Economics Ltd This time a year ago it looked like Cyprus was on the verge of falling out of both the eurozone and the EU. In the end that did not happen; but only just. Plenty of Cypriots believe that

Via Chr. Kapodistrias & Sons Ltd BP Eastern Mediterranean Ltd announces the launch of cooperation with the Chr . Kapodistrias & Sons Limited Company. The agreement between the two companies provides for cooperation in the distribution of Castrol products to independent garages. The Director of BP Lubricants in Cyprus, Mr Ioannis Roussos, referring to the

Commercial banks should establish the proper procedures to adjust the market value of mortgages on the basis of the negative divergences of the Residential Property Price Index, Central Bank of Cyprus said in a circular. The new circular comes in the wake of renewed criticism to banks over their practices for loan restructuring for troubled

The Cabinet decided to launch a privatisation procedure for the Cyprus Ports Authority (CPA). Speaking to the press following a Cabinet’s meeting, Deputy Government Spokesman Victoras Papadopoulos said that the privatisation process provides for a granting of a long term license or right to use or manage the Limassol port’s commercial section. He said that

A special reference to the Cyprus problem is included in the draft conclusions of the European Council, to be adopted on Friday by the EU leaders. Meanwhile, President of the Republic of Cyprus Nicos Anastasiades is scheduled to meet with Commissioner for Enlargement Stefan Fule on Thursday to discuss EU-Cyprus relations and the latest developments

Over 800 works of art, which constitute the collections of the AG Leventis Foundation, will be on exhibition at the Leventis Art Gallery, in the heart of Nicosia, making the treasures of art and culture that Anastasios Leventis gathered during his life, accessible to the public for the first time. President of the Republic Nicos

A record 7,000 runners took part in this year’s 8th Limassol International Marathon, one of the biggest and the most important sports events in Cyprus, with 5,000 people taking part in the "FBME Bank 5K Corporate Race". This is the second year in a row that the Corporate Race is sponsored by FBME Bank, with