The Cyprus Parliament yesterday got legislation in which electronic gambling and internet casino will be considered illegal. The police was very happy over legislate and now is waiting for the law to be published in Cyprus Government Gazette.   More>>>

The first A321 Airbus jets are the part of Cyprus Airways and second will start flying in late July.The first A321 have total 191 seats. Out of these 171 are Economical Class and other 20 are Business Class.    More>>>

The VAT Service in press release disclosed that Cyprus government revenue has increased by 14.2 million or say 8.5% in June month.   More>>>

The Greek Cypriot Minister of Commerce, Industry and Tourism Neoclis Sylikiotis said that repairing work of main power plant Vasiliko which got damaged last year is progressing satisfactory.   More>>>

Cyprus Embassy to Iran, Cyprus Tourism Organization in Middle East and Persian Gulf Office organized a workshop in Tehran to encourage tourism in Cyprus.   More>>>

The countdown has begun for Cyprus to get the EU Presidency and Christofiase Demetris is in Brussels to attend the last summit before getting President Ship.   More>>>

The Euro group President Jean-Claude Juncker said that Eurogroup will consider the request by Cyprus authorities and will give an official response soon.   More>>>

The Greek Finance Minister Vassos Shairly informed that Cyprus would give priority to Europe for loan rather than to Russia. He further said that terms and condition for returning the loan should suite Cyprus.    More>>>

The European President Jean Claude Juncker said to support Cyprus to come out of financial crisis.   More>>>

The Russian Deputy Finance Minister Storchak confirms to give loan to Cyprus. He told the reporters that Cyprus has not requested for the loan.   More>>>

Sunday was crucial day for Greece as the election took place and it will decide whether it will continue with currency euro or not. The first time election which took place on 6 th May could not prove to be fruitful.   More>>>

The European Commission cleared that Cyprus has not asked for any financial help from European Financial Assistance. Last month the buzz was that Cyprus has asked for the financial help to Moscow.   More>>>

The sources say that the multi million euro joint projects with Qatar government will not happen.   More>>>

The Cyprus Transport Minister will have a crucial meeting with Chinese company Far Eastern Phoenix for discussing the future of Larnaca airport.   More>>>

The Minister of Agriculture, Natural Resources and Environment Sofokles Aletraris stated that government has got European Investment Bank (EIB) financing for the implanting wastewater treatment plant as instructed by EU.   More>>>

The scheme will come in application in mid-July and then any customer who has deposited money need not be bother about the money even if Greece leaves euro currency.   More>>>

In throughout the Europe, Cyprus is the costliest country in terms of electricity. The officials requested the government to take immediate steps to reduce electricity charges.   More>>>

The Cyprus economy is mainly dependent on tourism. The tourism revenue in the month of April showed the decline of 16.1% as compared to April 2011 revenue.   More>>>

Central Bank Governor Panicos Demetriades stated that to regain foreign and domestic investors and to create financial stability is Cypriot economy’s main objective.   More>>>

The Greek Cyprus spokesperson Stephanos Stephanou said that government will soon announce a package of new financial measures where recapitalization of banking will be at priority.   More>>>

The Greek Cyprus President Demetris Christofiase said that at this time people are facing acute financial problem and they need hope for better future.   More>>>

Cyprus Energy Authority Chairman Hari Thrasou reported that the work of Vassiliko power plant is in full swing and will start functioning in March 2013.   More>>>

The Greek Cyprus will take the responsibility of EU presidency in July 2012, and the first meeting in that context took place yesterday in Nicosia.   More>>>

Cyprus Airways (CA) is fighting for its existence because of financial crisis since long. CA Executive Chairman George Mavrocostas said that by the end of the next week some important decision will be made by Parliament.    More>>>

European Council President Herman Van Rompuy said leaders want Greece to be in eurozone but to 'respect its commitments'.   More>>>