Russia is considering extending the maturity of a €2.5 billion loan to help Cyprus manage its debt crisis, rather than offering a new loan.

The Cabinet has approved the establishment of the Energy Policy Council with a view to hold regular briefings and exchange of views between the Minister of Commerce and parliamentary parties on energy matters.

The Natural Gas Public Company (DEFA) has received eight proposals from companies interested in supplying the island with natural gas.

Cyprus could become one of the major natural gas liquefaction terminals in the world, says Minister of Commerce, Industry and Tourism Neoclis Sylikiotis.

Cyprus stands ready to undergo any inspection on its anti money laundering legal framework, Finance Minister Vassos Sharly told Dutch lawmakers, adding that Cyprus has nothing to hide.

CYPRUS and Serbia yesterday expressed their will for enhanced cooperation, as the two countries held their first intergovernmental meeting in Belgrade.

Through an electronic bidding process, 23 firms were selected today by the Ministry of Commerce, Industry and Tourism Energy Service to construct photovoltaic parks for electricity production with a total capacity of 50 Megawatts (MW).

CEOs in Cyprus are optimistic about their company's revenue growth prospects, according to the annual PwC CEO survey.

LIMASSOL Marina has welcomed its first residents. The delivery of the 94 luxury apartments and penthouses at Nereids Residences marks the beginning of the project’s first operational year, it said yesterday.

Russia is prepared to contribute towards Cyprus’ bailout, along with the European Union, President Demetris Christofias said yesterday, as reports also suggested that German objections had weakened.