The Shacolas Group in Cyprus is planning to invest approximately 60 million euros within two years, in new and preexisting establishments, according to Parikiaki.

Troika's fifth assessment on Cyprus completed today concerning the nation's bailout program, according to reports.

The Cypriot government has been met with a lawsuit from Geek investors who suffered massive losses, due to the nation's financial turmoil and required bailouts, according to reports.