EU accession has led to foreign direct investment flowing into Cyprus more freely as companies take advantage of its favourable tax rates and strategic location to do business in both Europe and the Middle East. Michael Marray reports.

Minister of finance Michalis Sarris insists economic indicators prove Cyprus is on track for euro adoption.

The Banker invites CEOs from around the world to discuss the economic climate in their country and institution, and their hopes for the future

Turkish government officials have said the EU’s decision to open membership talks with Turkey on condition that Ankara recognises the Greek Cypriot administration is unpalatable.
The EU, at its Brussels summit on December 17, said talks with Turkey could start on October 3 this year after Turkey recognises the Greek Cypriot administration as the sole government of the divided Mediterranean island Cyprus. The EU said Turkey must also accept possible permanent curbs on the free circulation of Turkish labour in the union.