A drilling platform that will be prospecting for natural gas on behalf of an Italian-Korean consortium is en route to Cyprus’ offshore Block 9 and is set to arrive at its destination shortly.

Fleet Management Ltd. Hong Kong, the Indian-owned ship management company, hosted its principals, partners and friends from across Eurasia and the Americas at a special event at the Hilton Hotel in Nicosia, Cyprus recently to celebrate its 20th anniversary.


The data release of non-performing loans in Cyprus banks marked the first time the Central Bank of Cyprus CBC published a single aggregation for banks and co-operative credit institutions.

The prospects of exiting the bailout adjustment programme earlier than expected have appeared, said Finance MinisterHarris Georgiades, while urging MPs to take the decisions necessary to allow continuation of the bailout financing.

The European Investment Bank (EIB) will lend Cypriot banks €85 million to be used to finance small and medium businesses, it was announced recently.

European Investment Bank (EIB) President Werner Hoyer recently met with President Anastasiades in Nicosia where the main focus of discussion was energy investments.

President Anastasiades has expressed the hope that Cyprus will be able to exit the bailout programme by the end of 2015.

The closing of the Placing and Open Offer of the Bankof Cyprus Public Company Ltd successfully took place recently, according to a press release.

The Cyprus economy is showing signs of confidence and optimism the European Bank of Reconstruction and Development EBRD said in its September Regional Economic Prospects for the countries the bank operates in.

President Anastasiades addressing a Russian business seminar recently welcomed Russian investors' huge interest in investing in Cyprus, in sectors such as banking, tourism and real estate.