EU Commissioner for Energy and Cyprus Ministers agree to establish a dialogue to synchronize their energy plans, acknowledging that Cyprus' plans are aligned with the strategic objective of the EU in securing its energy supplies.

The government plans to proceed with a second bond issue, maybe as early as autumn 2014, after the relative success of the 5-year €750m bond issue recently.

Privately owned land in Cyprus is worth €200b, the Interior Minister said recently, announcing the completion of the process of updating immovable property values as part of the island’s bailout agreement.

The government plans to pay Bank of Cyprus (BoC) €950 million, in partial repayment of a government bond of €1.8 million issued in 2012 to prop up a now defunct lender.

President Nicos Anastasiades and Israeli Prime Minister Benjamin Netanyahu recently had a telephone conversation, discussing a possible cooperation between the two countries in the field of energy.

Etihad Airways, the national carrier of the UAE, will boost frequency and capacity to Larnaca from 1st July 2014, adding depth to its expanding network, while enhancing connectivity over its Abu Dhabi hub.

The Cyprus Energy Regulatory Authority (CERA) has started accepting applications for the installation of low-capacity domestic photovoltaic systems, known as net metering, and of electricity self-production systems for businesses.

Cyprus’ Central Bank Governor said recently that the 2014 recession on the bailed-out island could be shallower than the 4.2% decline anticipated by its international lenders.

Cyprus ranked 18th in a new survey which ranks nations according to their contribution to humanity and the planet.

The lifting of all domestic capital controls and Q1 results are signs the banking sector is on track, says Association of Cyprus Banks Director Michael Kammas.