Cyprus News

The UK High Court handed down a decisive victory to IKOS against Martin Coward, a former director, by affirming the company's ownership of its quantitative analysis software, and rejecting Coward's claims to it, saying he had written a substantial part of it.

The government is expected to net a significant amount of the 9-13% value of the deal, or about 26-38 mln euros in taxes, agency commissions and other costs.

A summary of two reports on CyprusA's track record in combating money laundering doesnA't reflect the main findings of the reports and only gives a description of perceived weaknesses, the Central Bank of Cyprus said.

The Cyprus government, facing harsh criticism from the German media and politicians since last September, over local banks' ineffective controls of foreign-owned accounts, has admitted there are weaknesses and declared that it is "committed to fully address these weaknesses". However, both the Ministry of Finance and the Central Bank of Cyprus have ... (more)

Dagenham & Redbridge winger Sean Shields has been called up to represent Northern Ireland under-21s next Thursday in their European Championship qualifier in Cyprus.

UN World Tourism Organisation Secretary General Taleb Rifai is paying Cyprus a visit on Friday with the intention of personally expressing his support to the country's tourism sector.

Cyprus President Nicos Anastasiades expressed his satisfaction over the positive feedback he had from the European Council, on a request for support to be given to Cyprus so that it may overcome current difficulties.

Technocrats from Cyprus' international lenders and from the Central Bank of Cyprus continue discussions today in Nicosia, which focus on the consolidation of Cyprus' banking sector.

The Venus Rock Golf Resort project in Paphos district has been sold to Chinese investors for a 290m.

Since the financial crisis hit Europe in 2008, few issues have proved as divisive as deciding how to protect bank deposits.

In a story April 27 marking the 10th anniversary of the breaching of the barriers carving up Cyprus, The Associated Press erroneously reported that Yiannis Maratheftis had written a book detailing his experiences.

New figures released by the department of lands and surveys earlier last week show that the property purchase contracts deposited throughout Cyprus continued to decline with the exception of Paphos, where overall sales increased.

GSP Stadium in Nicosia is the only stadium in Cyprus that fully complies with requirements for hosting football games of all the UEFA competitions.

A Cyprus exit from the Eurozone or the exit of any other member state facing problems is not a solution and instead all the Eurozone members should join forces to strengthen the foundations of the Euro, Christopher Pissarides, winner of the 2010 Noble Prize in Economics has stressed.

Paphos was on Friday proclaimed the 2017 Cultural Capital of Europe during a ceremony at the Council of the European Union, in Brussels.

British MEP Mary Honeyball called on IMF Chief Christine Lagarde to 'come to her senses' and to proceed with stimulus measures not austerity.

Mourners are gathering at the Islamic Cultural Center of Northern California in Oakland to remember Malcolm X's grandson, Malcolm Shabazz.

The production line at Fiat's Grugliasco factory in Turin, Italy. Are things looking up for the european auto industry at last? Photograph: Bloomberg Crisis-hit Cyprus could be headed for a much worse recession than initially anticipated when international creditors agreed to prop up its economy, the IMF has announced in a 47-page report released ... (more)

In this Thursday, March 28, 2013 file photo, people wait outside a branch of Laiki Bank in Nicosia.

Turkish Prime Minister Tayyip Erdogan said on Thursday he saw a good opportunity for progress towards ending the division of Cyprus, a move that could further the exploitation of natural gas and oil in the eastern Mediterranean.