BMG Resources application for a reconnaissance licence over the entire Kalavassos copper Field in Cyprus has been approved, with drilling to commence in 4 to 6 weeks.

The Central Bank of Cyprus has released the MFIs deposits and loans statistics for the reference month of April 2014, which show an increase in deposits.

A new board of directors has been elected at the Hellenic Bank’s 40th Annual General Meeting, but is yet to be approved by the Central Bank.

Scientists from Cyprus and Scotland are working together on a 'new frontier' for storing CO2 emissions from the region’s growing oil and gas sector.

Cyprus and Luxembourg were the only two EU countries to score 100% in a survey of bathing waters around the bloc.

Direct calls using mobile phones will be possible across the divide in Cyprus, with completion of infrastructure work expected in May 2014, says the head of the north’s chamber of commerce Fikri Toros.

As an internationally recognised business services centre with a stable environment, Cyprus offers key advantages for global oil and gas companies with operations in the East Med, says Managing Director of Wymering Management Costas Georgiou.

The Telegraph's Travel website lists some of the best hotels in Cyprus, chosen by a residential expert, which include both luxury hotels and less expensive quality accommodation.

Binary Options Software provider, Hello Binary is announcing the opening of its second representative office since the beginning of 2014 in Cyprus, the first being in Shanghai for the Asian market.

The business climate in Cyprus seems to be improving, with the monthly Business and Consumer Survey conducted by the University of Cyprus Economics Research Centre showing a 2.3 point improvement in May 2014.