Egyptian President Abdel Fattah el-Sisi has issued a presidential decree with which he approves the ratification of the framework agreement with Cyprus on the joint exploitation of hydrocarbon reserves.

President Nicos Anastasiades called for unity recently, stressing that the challenge of getting the economy back on growth track is not just for the Government, but for the political parties as well.

The Cyprus Energy Regulatory Authority (CERA) has released a report it had commissioned in early 2013 to conduct a study regarding the remodeling of the electricity market in Cyprus.

Hellenic Bank was ranked the Safest Bank in Cyprus for 2014 in a survey by ‘Global Finance Magazine'.

The cabinet recently approved proposed legislation that aims to reform the entire health system, as it pushes ahead with the implementation of the national health scheme.

Ryanair's chief executive said recently the Irish low-cost airline plans to pursue a takeover of Cyprus Airways, with the aim of setting up a hub to serve the Middle East.

Cyprus economy is heading in the right direction and new foreign investment has started to flow in, said the Cyprus Investment Promotion Agency Chairman recently, referring to government incentives.

A cooperation agreement for a comprehensive training programme on hydrocarbons was signed recently by the University of Nicosia and the Mediterranean Institute of Hydrocarbons Technology (MIHT).

Money is not the only factor that will be taken into consideration when deciding on who would be the strategic investor for Cyprus Airways (CY), said Communication and Works Minister Marios Demetriades recently.

Cyprus ten-year bond yield declined to a four-year low in the backdrop of the ECB's decision to purchase private sector credit, including asset-backed securities and covered bonds.