The government-owned Natural Gas Public Company, widely known by its Greek acronym DEFA, said that it concluded the tender process for short-term natural gas supply to the Vasilikos power plant without reaching an agreement with any bidder.

Following the Larnaca municipal council’s rejection of a request to allow the temporary operation of a company that provides logistics for hydrocarbon exploration, the government is now looking to find alternative venues.

Two of the most popular and internationally recognized ISO standards have been revised and reissued in September 2015. The new ISO 9001 Quality Management Systems and ISO 14001 Environmental Management System standards are featuring important changes and adopt a new and interesting perspective.

Applications for the registration of new companies in Cyprus increased by 15.5% in January 2016 compared to January 2015.

Trade deficit was €3,077.6 million in January-November 2015 compared to €3,423.4 million in the corresponding period of 2014, according to publication 'Intra-Extra E.U Trade Statistics (Summarised Data)' for November 2015, by the Statistical Service of Cyprus.

The bank deposit guarantee fund hasmet the target of raising €120 million, a finance ministry representative told lawmakers recently.

Cobalt, a Cyprus based airline, said it had secured an unspecified amount of capital injection from an unnamed investor based in Hong Kong, and plans to begin its operations in the spring of 2016 as a low-cost carrier.

In the 2016 World Bank Doing Business Rankings, Cyprus climbed 17 places to 64 from 47 previously, with its score increasing from 66.55 to 71.78.

The Association of British Travel Agents (ABTA) is urging UK holidaymakers to book early for European sunshine destinations, including Cyprus for which there is already a 14% increase over last year, it said.

Cyprus' new failure to secure an interim gas supply until it begins producing its own from the Aphrodite field, was likely to have been its last attempt as the government has decided to wait for the permanent solution to kick in.