The Hellenic Bank and the European Investment Bank (EIB) signed, in Nicosia, an agreement for the amount of €66.7 million, which will in turn be used as loans granted to small and medium size enterprises with favourable terms

Larnaca-based low-budget Cobalt carrier on Monday announced its first flight to Tel Aviv, Israel, is scheduled for Sunday, March 26, 2017.

President Nicos Anastasiades will be the keynote speaker at the Capital Link’s ‘Invest in Cyprus’ Forum in New York next week.

The share of energy from renewable sources in gross final consumption of energy is on the rise across the European Union including in Cyprus, according to figures released by Eurostat recently.

Energy minister George Lakkotrypis will kick off the Fourth Eastern Mediterranean Gas Conference (EMGC) during which gas industry executive speakers will explore the region’s potential natural gas resources and the path to production.

A second super-giant gas field like Zohr could be awaiting discovery in the eastern Mediterranean, perhaps off the coast of Cyprus, Italian energy giant ENI said recently.

The third licensing round of the exploration of Cyprus’ exclusive economic zone (EEZ) was successfully completed, the Cabinet announced after a meeting on Tuesday, the 7th of March, 2017.

The trade deficit of Cyprus increased to €4.223,4mn in 2016, from €3.402,0mn in 2015, the Statistical Service said recently.

A series of projects coordinated by the Limassol Development Company (ANELEM) will see millions in EU funds being used to help make communities in the district more attractive to tourists.

The number of property transactions dropped 9% in February 2017 to 456 compared to the respective month of 2016, the Department of Lands and Surveys said.