The government has formally informed parliament of its selection of a commissioner for privatisations, Constantinos Herodotou, a graduate of the London Business School.

Cyprus’ 10-year bond yields resumed their downward course — almost reaching 5.0% — after the upward trend in the cost of borrowing registered mid May 2014 due to the turbulence in international markets.

Exploratory drilling offshore Cyprus is expected to begin sooner than originally scheduled as more natural gas reserves must be found to facilitate a LNG terminal, said the Energy Minister recently.

A solution to the Cyprus problem could raise per capita incomes by €12,000 over 20 years, expanding the size of the economy by around €20 billion.

Cyprus has spent decades building an economy based on the provision of top-quality services and with one of the most highly educated workforces in Europeoffers an attractive location for business.

Bank of Cyprus CEO John Hourican said recently at a conference on the future of asset management in Cyprus and Greece that non-performing loans are stabilising.

David Yesford, senior vice president of Wilson Learning Worldwide, cares less for traditional viewpoints than right ones. His view of business strategies is driven by what works, not what public opinion considers valid.

Finance Minister Harris Georgiades will have veto power in the new structure of the Resolution Authority, according to a bill tabled recently by the government.

BMG Resources application for a reconnaissance licence over the entire Kalavassos copper Field in Cyprus has been approved, with drilling to commence in 4 to 6 weeks.

The Central Bank of Cyprus has released the MFIs deposits and loans statistics for the reference month of April 2014, which show an increase in deposits.