The government has approved hiring business advisors AlixPartners to help authorities probing the island’s economic collapse.

Amidst a bidding war with rival carriers over the acquisition of struggling Cyprus Airways, Ireland-based budget airline Ryanair has applied to the Cyprus Department of Civil Aviation (CDA) for a Cyprus Air Operator Certificate (AOC), which would allow it to set up a subsidiary airline on the island.

Energy Minister Yiorgos Lakkotrypis said recently that Oman is very much interested in Cyprus’ exclusive economic zone (EEZ).

Cyprus is determined to beat estimates and exit the bailout programme ahead of schedule and return to growth by the end of 2015.

For the fourth consecutive year, Limassol Marina participated at the Monaco Yacht Show recently alongside internationally renowned operator, Camper & Nicholsons Marinas.

Greece, Egypt and Cyprus have expressed their commitment to work closely and strengthen their cooperation in areas of mutual benefit, following a trilateral meeting by the countries' Foreign Ministers in New York.

Once Cyprus exits the economic adjustment programme, structural reforms must continue beyond that date to ensure the island never again has to resort to outside assistance, Finance Minister Harris Georgiades said recently.

The Fiscal Council, a body set up to supervise the planning and execution of budgetary policy, said recently it expected that economic growth for 2015 will range around 0%, but did not rule out “some low growth rate”.

The National Health Scheme the government has pledged to fully implement by July 2016 would have been necessary even if the economic crisis had not occurred, the EU Health Commissioner Tonio Borg said recently.

Oman is interested in investments in Cyprus, especially in the field of natural gas, Minister of Petrol and Natural Gas of Oman has said, after a meeting with Energy Minister Giorgos Lakkotrypis in Muscat.