Following the discovery of hydrocarbons offshore Cyprus, Austrian Ambassador Dr Karl Mueller has said that the island has a great potential and future role in the energy sector in Europe.

On the occasion of World Telecommunications Day, MTN launches MTN Innovation Challenge contest, giving Cyprus developers and startups €35,000 prizes, as well as the prospect of long-term collaboration for the winner.

Engino, first launched in Cyprus, is a role model start-up that has achieved international success with EU funds.

According to recent Eurostat figures, the cost of electricity in Cyprus recorded the largest drop of 15% in the European Union.

Bank of Cyprus has sold loans extended to Serbian real estate company Robne Kuce Beograd to Piraeus Bank of Greece, the lender said recently.

During his official two-day visit to Cyprus, US Vice President Biden reiterated the US recognition of the island's sovereignty when it comes to exploring and exploiting its hydrocarbon reserves and urged for a Cyprus solution.

The Finance Ministry has approved applications for six-year domestic bonds worth €7.04 million, the public debt management office said recently.

Cyprus is considering selling bonds in 2014, as it prepares a gradual return to markets before an international bailout expires in 2016, according to Finance Minister Haris Georgiades.

Taking customer service to the next level, Orbex, with headquarters in Limassol, recently launched a new Click to Call website feature, giving clients and partners the ability to place a free call at any time to the Orbex Customer Service team.

President Anastasiades expressed recently the government’s unwavering decision to see Cyprus join the European Organisation for Nuclear Research (CERN) as a full and active member.