A third Trilateral Summit between Greece, Egypt and Cyprus in Athens has effectively solidified the foundations of the cooperation between the neighbouring countries in the years to come.

Moody’s Investors Service announced recently that it has changed its outlook for the Cypriot banking system to stable from negative, reflecting the country’s modest economic recovery.

The Cyprus Statistical Service has confirmed that GDP grew in real terms by a seasonally adjusted 2.2% compared with the same period of the previous year in Q3 —its strongest pace of growth since 2010.

Director of the Department of Merchant Shipping Mr. Andreas Chrysostomos has been bestowed with the 'International Personality of the Year' 2015 Award within the Greek shipping industry.

President Nicos Anastasiades recently underlined the importance of the coming year for the best exploitation of Cyprus’ natural gas reserves.

The government has sold €50 million in 30-day Treasury Bills with a weighted average yield of 0.68%.

Energy Minister George Lakkotrypis said in an unexpected turn of events that the Electricity Authority of Cyprus (EAC) ought to remain fully in state hands but the administrative split of the organisation will move ahead.

Credit rating service DBRS has upgraded its long-term rating for Cyprus from B (low) to B, it announced recently.

The government will guarantee loans which the European Investment Bank (EIB) will give to banks in Cyprus, amounting totally to €225m, it was announced recently.

The cabinet recently approved the extension of energy giant Total’s exploration license in offshore Block 11 for two years.